advanced to new records for the third session in a row on Thursday, keeping
their perfect 2018 record intact. The Dow Jones Industrial Average climbed 0.6%
to 25075.13, the S&P 500 jumped 0.4% to 2723.99, and the Nasdaq Composite
ticked up 0.2% to 7077.91. All three stock indices finished at new all-time highs
with the Dow crossing the 25000 mark for the first time. The Russell 2000 also
notched a new record, rising 0.2% to 1555.72.
Notable companies reporting earnings after the close: SONC, PSMT, FC.
Futures are modestly higher after hours: S&P 500 futures are +1 from fair value of 2724 and Nasdaq futures are +9 from fair value of 6597.
Tomorrow morning, companies expected to report earnings include: SHLO, CALM, AZZ, STZ, GBX.
Economic data out tomorrow morning: Nonfarm Payrolls (Briefing.com consensus 188K from 228K in November), Nonfarm Private Payrolls (Briefing.com consensus 185K from 221K in November), Unemployment Rate (Briefing.com consensus 4.0% from 4.1% in November), Avg. Hourly Earnings (Briefing.com consensus 0.3% from 0.2% in November), Average Workweek (Briefing.com consensus 34.5 from 34.5 in November), Trade Balance (Briefing.com consensus -$47.9B from -$48.7B in November).
Looking over at the energy space:
The Energy Information Administration (EIA) released its weekly petroleum and natural gas storage data for the week ending December 29.
Within the natural gas data, the EIA showed a draw of 206 bcf vs a draw of 112 bcf in the prior week.
Within the petroleum data, the EIA, showed:
- Crude oil inventories had a draw of 7.4 mln barrels
- Gasoline inventories had a build of 4.8 mln barrels
- Distillate inventories had a build of 8.9 mln barrels