Equities made a strong move higher on Wednesday, with the S&P 500 and the Nasdaq climbing 1.0% apiece, and the Dow advancing 0.8%. The day began on a mildly higher note as investors continued to digest President Trump's Tuesday decision to withdraw the U.S. from the Iran nuclear deal. However, buying picked up notably around midday as the S&P 500 started to pull away from its 50-day moving average -- which, up until that point, had been an area of resistance.
Today after the close the following companies were scheduled to report earnings: ALB, AMPH, ANGI, ATUS, AYX, BGNE, BKNG, BLDR, BOLD, BREW, CHEF, COLL, CPA, CTL, CVNA, DAR, DNB, EEP, ELF, ENV, ETE, ETP, EVH, FG, FGEN, FNGN, FNV, FOXA, FSM, FTI, FTK, GDOT, GKOS, HLI, IAC, ICUI, INFN, MBI, MDCA, MELI, MRAM, MTRX, NNBR, NP, NUAN, NVAX, NVGS, NVTA, OTEX, PAAS, PBYI, PRAA, PRSC, PSEC, PTCT, PTLA, QHC, RLJ, RNG, ROKU, RUN, SAIL, SCOR, SEDG, SEP, SIEN, SNH, SUN, SYNA, TCX, TPC, TROX, TTGT, TWNK, UPLD, WMGI, WRD, ZGNX, ZTO.
Futures are fractionally higher after hours: S&P 500 futures are +0.5 from fair value of 2,696 and Nasdaq100 futures are +3.75 from fair value of 6,894.
Tomorrow morning, economic reports scheduled to be released include: CPI (08:30 ET; Briefing.com consensus 0.3%), Core CPI (08:30 ET; Briefing.com consensus 0.2%), Initial Claims (08:30 ET; Briefing.com consensus 220K), Continuing Claims (08:30 ET), Natural Gas Inventories (10:30 ET), & Treasury Budget (14:00 ET).
Tomorrow before the open the following companies are scheduled to report earnings: ACIW, AMCX, AMRX, BAM, BIOS, BPMP, BTG, CHH, CLNS, CRL, DDS, DEPO, DESP, DSX, DUK, ECOM, EGRX, ENB, GDS, HIMX, HL, ICL, KELYA, KLIC, KND, LHO, MDP, MGA, MIXT, MMS, NICE, NOMD, OMI, PBH, PEGI, PQG, RDUS, SATS, SND, SNR, SPH, TGI, TRCO, TSG, TU, UBNT, UNVR, WP, WRLD.
In extended trading, late-2017 IPO Roku (ROKU) is +3% after reporting better than expected first quarter results and raising its outlook for the full year. Other earnings movers include Infinera (INFN +9%), Carvana (CVNA +5%), MercadoLibre (MELI -5%), Booking Holdings (BKNG -6%), Open Text (OTEX -8%), Nuance Communications (NUAN -12%), & MDC Partners (MDCA -16%). Elsewhere, Qualcomm (QCOM) is +2.5% after announcing that its Board had approved a new $10 bln stock repurchase authorization.