Wall Street extended Wednesday's tumble on Thursday in a volatile day of trading. The major averages settled notably lower, with the S&P 500 losing 2.1%, the Dow Jones Industrial Average falling 2.1%, and the Nasdaq Composite shedding 1.3%. With Thursday marking its sixth straight decline, the S&P 500 is now down 5.5% for the week and is 6.9% below its September 20 record close.
No companies we cover were scheduled to report earnings this afternoon.
Futures are higher after hours: S&P 500 futures are +15 vs. 2,732 fair value and Nasdaq 100 futures are +53 vs. 6,985 fair value.
Tomorrow morning, economic reports scheduled to be released include:
- 8:30: September Export Prices (-0.1% in August), Export Prices ex-Ag. (-0.2% in August); Import Prices (-0.6% in August), Import Prices ex-Oil (-0.1% in August)
- 10:00: Preliminary October University of Michigan Consumer Sentiment (Briefing.com Consensus 100.0 from 100.1 in September)
- 14:00 September Treasury Budget ($7.9 bln in August)
Tomorrow before the open the following companies are scheduled to report earnings: JPM, C, WFC, PNC, FRC