dropped for the fourth time in five sessions on Thursday, with energy and
industrial shares leading the retreat. The S&P 500 shed 0.6%, extending its
weekly loss to 1.1%. The market opened flat, but dropped sharply about 30
minutes into the session. The S&P 500 settled near the bottom of its daily
Today after the close the following companies were scheduled to report earnings: SGH, RHT.
Futures are slightly lower after hours: S&P 500 futures are -0.25 from its fair value of 2,752 and Nasdaq100 futures are -8.50 from fair value of 7,242.
Tomorrow morning, economic reports scheduled to be released include: Nothing.
Tomorrow before the open the following: BB, KMX.
Looking over at the energy market...
The EIA released its petroleum data this morning for the week ended June 15:
- Natural gas inventory showed a build of 91 bcf vs a build of 96 bcf in the prior week: Working gas in storage was 2,004 Bcf as of Friday, June 15, 2018, according to EIA estimates. This represents a net increase of 91 Bcf from the previous week. Stocks were 757 Bcf less than last year at this time and 499 Bcf below the five-year average of 2,503 Bcf. At 2,004 Bcf, total working gas is within the five-year historical range.
- OPEC's next big meeting will be held tomorrow in Vienna, Austria and should have a notable impact on oil prices