ended Wednesday's session on a solidly lower note, despite getting off to a
good start. The S&P 500 was up as much as 0.9%, but finished lower by 0.9%,
closing below its 50-day moving average for the first time in seven weeks. The
Dow declined 0.7%, and the Nasdaq and the Russell 2000 lost 1.5%-1.7% a piece.
Today after the close the following companies were scheduled to report earnings: PRGS, FUL, WOR, BBBY, RAD, PIR, CAMP.
Futures are higher after hours: S&P 500 futures are +3.00 from its fair value of 2,702 and Nasdaq100 futures are +7.00 from fair value of 6,990.
Tomorrow morning, economic reports scheduled to be released include: GDP - Third Estimate (08:30am ET, Consensus 2.2%), GDP Deflator - Third Estimate (08:30am ET, Consensus 1.9%), Initial Claims (08:30am ET, Consensus 220K), Continuing Claims (08:30am ET, Consensus NA).
Tomorrow before the open the following: GMS, ACN, MKC, OMN, WBA, LNN, APOG, SJR.
In the energy markets, the weekly EIA petroleum data was released and showed a big draw in U.S. crude oil inventory, similar to the weekly API oil data released late Tuesday.
EIA petroleum data for the week ended June 22:
- Crude oil inventories had a draw of 9.9 million barrels
- Gasoline Inventories has a build of 1.2 million barrel
- Distillate Inventories remained unchanged