The benchmark index traded as high as 1.4% shortly after the start of trading, but surrendered the entirety of that gain and was down as much as 0.6% in the afternoon. It mounted a late recovery charge, trading up as much as 0.8%, but then rolled over in the last 30 minutes. Fittingly, the S&P 500 closed just about where it began, underscoring the lack of conviction on the part of buyers and sellers.
The following companies were scheduled to report earnings earnings this afternoon: POWL, AEO, PVTL, PLAY.
Futures are lower after hours: S&P 500 futures are -5.25 vs. fair value of 2,637 and Nasdaq-100 futures are -1.76 vs. fair value of 6,706.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Applications Index (Consensus NA vs. 2.0% in the prior month), CPI (Consensus 0.0% vs. 0.3% in the prior month), Core CPI (Consensus 0.2% vs. 0.2% in the prior month).
The following companies are scheduled to report earnings tomorrow morning: PLAB, VRA.