equities tumbled for the second day in a row on Tuesday, with health care and
energy shares leading the retreat, as investors took another round of profits
following solid gains over the first four weeks of 2018--the S&P 500's best
start to a year since 1987.
Futures are higher after hours: S&P 500 futures are +0.25 from fair value of 2823 and Nasdaq futures are +2.0 from fair value of 6939.
Notable companies reporting earnings after the close: BSBR, AMD, EQR, HOPE, ILMN, JNPR, RHI, SFLY, WRB, BOFI, CA, CATY, FNF, PKG, SLGN, ALGN, CB, NATI, SYK, AEIS, CACC, TFSL, CHRW, EA, MOD, PLT, WNC, BXP, KNX, DOX, DHT.
Tomorrow morning, companies expected to report earnings include: OMN, ERIC, TXT, ANTM, LLY, TMO, AVY, BA, EVR, EXP, IR, MKTX, NDAQ, NYCB, SIRI, SLAB, TUP, GLOP, IVZ, SC, SXC, SXCP, WEC, XRX, SPG, VRTS, CHKP, FLWS, LFUS, OIIM, PBI, ADP, ARCB, EPD, ENR, GIB, DHI, JCI, MT, MTOR.
Economic data out tomorrow morning before the open: MBA Mortgage Applications Index (Consensus NA for the week ended 01/27, vs 4.5 in the prior week, ADP Employment Change (Consensus 190K for Jan, vs 250K in the prior month), Employment Cost Index (Consensus NA for Q4, vs 0.7% in the prior quarter).
Looking at the energy markets after hours here, the American Petroleum Institute (API) released its weekly storage data...
API petroleum data for the week ended January 26th:
- The API reported a build of 3.229 mln barrels of crude oil, for the week ending Jan 26 Gasoline showed a build of 2.692 mln barrels and distillates showed a draw of 4.096 mln barrels
- Oil prices fell following the release of the weekly API crude oil storage data; Mar WTI crude oil fell as much as $0.58/barrel from today's settlement of $64.49/barrel and are now -$1.56 at $64.00/barrel