Stocks rallied on Tuesday as investors shrugged off a fresh
exchange of tariffs between the world's two largest economies. The S&P 500
climbed 0.5%, reclaiming its Monday decline, while the Dow Jones Industrial
Average and the Nasdaq Composite advanced 0.7% and 0.8%, respectively. The
major averages opened higher and climbed into the afternoon, finishing a step
below their best marks of the day.
Today after the close the following companies were scheduled to report earnings: None.
Futures are modestly higher after hours: S&P 500 futures are +2.75 from its fair value of 2,910 and Nasdaq-100 futures are +2.00 from fair value of 7,525.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (07:00am ET, consensus NA), Housing Starts (08:30am ET, consensus 1229K), Building Permits (08:30am ET, consensus 1310K).
Tomorrow before the open the following companies are scheduled to report earnings: CPRT.
In the energy market:
Oil prices moved a bit lower following the release of the weekly API petroleum data.. API petroleum data for the week ended Sept 14:
- Crude Inventories had a build of 1.25 million barrels
- Gasoline Inventories had a draw of -1.485 million barrels
- Distillate Inventories had a build of +1.536 million barrels
- Cushing draw of -1.570 million barrels