wandered between positive and negative territory on Thursday, eventually
settling the session a tick lower. The S&P 500 shed 0.1%, and the Nasdaq
Composite and the Dow Jones Industrial Average lost 0.2% apiece. Conversely,
the small-cap Russell 2000 advanced 0.6%, closing at a new record high for the
second day in a row.
Today after the close the following companies were scheduled to report earnings: AMAT, OEC, JWN.
Futures are slightly lower after hours: S&P 500 futures are -0.50 from fair value of 2,720 and Nasdaq100 futures are -2.50 from fair value of 6,909.
Tomorrow morning, economic reports scheduled to be released include: None.
Tomorrow before the open the following companies are scheduled to report earnings: AZN, AINV, CPB, DE.
Looking over at the energy market:
The EIA released its weekly petroleum data for the week ended May 11. Natural gas inventory showed a build of 106 bcf vs a build of 89 bcf in the prior week.
- Working gas in storage was 1,538 Bcf as of Friday, May 11, 2018, according to EIA estimates. This represents a net increase of 106 Bcf from the previous week. Stocks were 821 Bcf less than last year at this time and 501 Bcf below the five-year average of 2,039 Bcf. At 1,538 Bcf, total working gas is within the five-year historical range
- June natural gas futures settled the day $0.03 higher at $2.85/MMBtu