slipped from record highs on Wednesday with the S&P 500 and the Nasdaq
registering their first losses of 2018. All three major U.S. indices--the
S&P 500, the Nasdaq, and the Dow Jones Industrial Average--lost 0.1% while
the small-cap Russell 2000 finished flat.
Notable companies reporting earnings after the close: PRGS, KBH.
Futures are higher after hours: S&P 500 futures are +2.00 from fair value of 2748 and Nasdaq futures are +5.00 from fair value of 6672.
Tomorrow morning, companies expected to report earnings include: FCEL, DAL, SJR.
Economic data out tomorrow morning: PPI (Briefing.com consensus +0.3% for Dec from +0.4% in prior month), Core PPI (Briefing.com consensus +0.3% for Dec from +0.3% in prior month), Continuing Claims (Briefing.com consensus NA for the week ended Dec 30 from 1914K in prior week), Initial Claims (Briefing.com consensus NA for the week ended Jan 6 from 250K in prior week).
In energy news, the (EIA) released its weekly oil storage data...
The Energy Information Administration (EIA) reports that for the week ending Jan 5th:
- Crude oil inventories had a draw of 4.948 mln barrels
- Gasoline inventories had a build of 4.135 mln barrels
- Distillate inventories had a build of 4.254 mln barrels