Stocks finished modestly higher on Tuesday, notching their
third consecutive victory, following a hard-fought battle between the bulls and
the bears. The S&P 500 advanced 0.3%, while the Nasdaq Composite climbed
0.6% and the Dow Jones Industrial Average closed flat. The small-cap Russell
2000 outperformed, rallying 1.0%.
Today after the close the following companies are scheduled to report: BOJA, CYRX, HCI, PTCT, SOI, SPPI, TTOO, CVNA, EDIT, MED, PRMW, RIGL, ZGNX, RUN, KDMN, ARA, ROST, URBN, ADSK, OOMA, GWRE, AVAV, HRB, KFY, NCS, ABM, PFMT, CASA.
Futures are slightly lower after hours: S&P 500 futures are -4.00 from the fair value of 2728 and Nasdaq100 futures are -4.00 from fair value of 6914.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Index (07:00am ET, Consensus NA vs. 2.7% in the prior week), ADP Employment Change (08:15am ET, Consensus 193K vs. 234K in the prior month), Productivity-Rev. (08:30am ET, Consensus -0.1% vs. -0.1% in the prior quarter), Unit Labor Costs - Rev. (08:30am ET, Consensus 2.1% vs. 2.0% in the prior quarter), Trade Balance (08:30am ET, Consensus -$55.0B vs. -$53.1B in the prior month).
Tomorrow before the open the following companies are scheduled to report earnings: DS, INXN, ATHM, FRTA, GOLF, PLUG, OBE, ANF, DLTR, MOMO, BF.B, CASY.
Looking over at the energy markets, oil prices fell a bit following the weekly American Petroleum Institute (API) data...
For the week ending March 2, the API reported:
- A build of 5.661 million barrels of crude oil, for the week ending Mar 2
- Gasoline showed a draw of 4.536 million barrels and distillates showed a build of 1.487 million barrels
- Cushing showed a draw of 0.79 million
Apr crude oil futures settled today at $62.59/barrel and are currently $0.23 lower in electronic trade at $62.36/barrel