After Hours Report
Last Update: 17-May-17 16:51 ET
SMRT -23%, CSCO -6%, LB +7% Following Earnings/Guidance; SMRT also suspended dividend
Equities sold off on Wednesday following a New York Times article that claims President Trump asked former FBI Director James Comey in February to shut down the bureau's investigation of former National Security Advisor Michael Flynn. The S&P 500 posted its worst one-day performance in nearly a year, losing 1.8%. The Dow (-1.8%) finished in line with the benchmark index while the Nasdaq and the Russell 2000 took the biggest hits, losing 2.6% and 2.8%, respectively. The major indices all closed at their session lows.
Today after the close the following companies are scheduled to report earnings/did report: RXN, FLO, CSCO, SNPS, LB, ZTO, SMRT, WTTR.
Futures are lower after hours: S&P 500 futures are -1.75 from fair value of 2,359 and Nasdaq100 futures are -4.25 from the fair value of 5,583.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am ET, Consensus 240K), Continuing Claims (08:30am ET, Consensus NA), Philadelphia Fed (08:30am ET, Consensus 18.5).
Tomorrow before the open the following companies are scheduled to report earnings: BABA, EXP, MNRO, RL, AINV, WMT, TK, TNK, TOO, SSI, PLCE, BKE, HIBB, CATO, PERY.
Equities sold off on Wednesday following a New York Times article that claims President Trump asked former FBI Director James Comey in February to