The major averages had a mixed outing on Thursday, with Facebook (FB 176.26,
-41.24, -19.0%) pulling the Nasdaq away from its all-time high. The tech-heavy
index loss 1.0%, while the benchmark S&P 500 declined 0.3%. The Dow Jones
Industrial Average outperformed, adding 0.4%, as did the small-cap Russell 2000
Today after the close the following companies were scheduled to report earnings: LRCX, TEAM, AMGN, EW, AFL, CINF, CMG, LMAT, SAM, UCTT, WRE, AMZN, ATR, BCOV, BJRI, BOFI, BOOM, BYD, CLD, COLM, CUBE, CVA, CXP, CY, DFS, DLR, ELLI, EMN, ENVA, EXPE, FBHS, FHB, FICO, FII, FIX, FLEX, FSLR, FTV, GCAP, HIG, HTH, IMPV, INT, INTC, ISBC, LEG, LOGM, LSCC, JEF, MATW, MSTR, MXIM, NATI, NR, OFC, OMCL, PFG, PFPT, POWI, PRO, RGA, SBCF, SBUX, SGEN, SIVB, SKYW, SPSC, TMST, VCRA, VRSN, VVI, WDC, NOV, AJG, CIR, CRAY, CYH, EIX, JNPR, MITK, NCR, RTRX, AUY, BZH, RSG, TYL, LPLA, LYV, MERC, MTD, TACO, EA, OSPN, DECK, EGHT.
Futures are higher after hours: S&P 500 futures are +2.25 from its fair value of 2,838 and Nasdaq100 futures are +15 from fair value of
Tomorrow morning, economic reports scheduled to be released include: GDP-Adv. (08:30am ET, Consensus 4.1%), GDP Deflator (08:30am ET, Consensus 2.1%).
before the open the following companies are scheduled to report earnings: ABCB,
SYF, TCF, TPH, WFT, IRM, TWTR, ZBH, ABBV, BEN, GRC, MGLN, SAH, ALV, CL, COG,
COL, CVX, HRC, IMO, MCO, MOG.A, PFS, POR, PSX, PSXP, TEN, TYPE, VRTS, VTR,
WETF, WY, XOM, SBSI, CHSP, GWR, MRK, VIRT, AON, IMGN, LPNT.
Looking over at the energy market:
The EIA reported that natural gas inventory showed a build of 24 bcf vs a build of 46 bcf in the prior week.
- Working gas in storage was 2,273 Bcf as of Friday, July 20, 2018, according to EIA estimates. This represents a net increase of 24 Bcf from the previous week. Stocks were 705 Bcf less than last year at this time and 557 Bcf below the five-year average of 2,830 Bcf. At 2,273 Bcf, total working gas is within the five-year historical range. Today, Sept natural gas settled unchanged at $2.76/MMBtu.