equities finished mostly higher on Wednesday, but financial shares struggled
following the Fed's latest policy directive.
Jones Industrial Average settled at a new record high for the fourth session in
a row, adding 0.3%. The Nasdaq Composite also finished higher, adding 0.2%, but
the S&P 500 settled with a slim loss of 0.1%. The benchmark index held a
modest gain for much of the day, but fell sharply in the final minutes of
Today after the close the following companies are scheduled to report earnings/already reported: NDSN, ABM, TNTR, PIR, BAND.
Futures are higher after hours: S&P 500 futures are +3.50 from the fair value of 2,666 and Nasdaq100 futures are +3.63 from fair value of 6,416.
Tomorrow morning, economic reports scheduled to be released include: Retail Sales (08:30am ET, Consensus 0.3%), Retail Sales ex-auto (08:30am ET, Consensus 0.6%), Initial Claims (08:30am ET, Consensus 239K), Continuing Claims (08:30am ET, Consensus NA), Export Prices ex-ag. (08:30am ET, Consensus NA), Import Prices ex-oil (08:30am ET, Consensus NA).
Tomorrow before the open the following companies are scheduled to report earnings: SAFM, SCHL.
Looking over at the energy market:
This morning, the EIA released its weekly crude oil storage data...
The EIA reports that for the week ending Dec 8th:
- Crude oil inventories had a draw of 5.1 mln barrels
- Gasoline inventories had a build of 5.7 mln barrels
- Distillate inventories had a draw of 1.4 mln barrels
Following the data, WTI crude oil (Jan) settled the day $0.58 lower at $56.56/barrel.