surrounding the future of the Italian government sent equity markets lower
around the globe on Tuesday as U.S. investors returned to the trading desk for
the first time this week following an extended Memorial Day weekend. The
S&P 500 lost 1.2% on Tuesday, settling at a three-week low, while the Dow
and the Nasdaq ended lower by 1.6% and 0.5%, respectively. The small-cap
Russell 2000 showed relative strength, settling lower by just 0.2%.
Today after the close the following companies were scheduled to report earnings: CVCO, SB, SPTN, HPQ, HEI, CRM.
Futures are higher after hours: S&P 500 futures are +4.50 from fair value of 2,689 and Nasdaq100 futures are +19 from fair value of 6,929.
Tomorrow morning, economic reports scheduled to be released include: MBA Mortgage Index (07:00am ET, Consensus NA), ADP Employment Change (08:15am ET, Consensus 183K), GDP - Second Estimate (08:30am ET, Consensus 2.3%), GDP Deflator - Second Estimate (08:30am ET, Consensus 2.0%), Adv. International Trade in Goods (08:30am ET, Consensus -$70.7B), Adv. Wholesale Inventories (08:30am ET, Consensus NA).
Tomorrow before the open the following: CMCO, ROLL, KORS, CSWI, MMYT, DAKT, BMO, ADI, CHS, DKS, DSW, SHLD, MOV.
Energy data reminder:
- Due to Monday's holiday, the weekly API crude oil storage data will be release Wednesday, May 30.