equities advanced for a fourth consecutive session on Wednesday, overcoming a
hotter-than-expected January CPI reading. The Nasdaq Composite led the rally,
adding 1.9%, followed by the S&P 500 (+1.3%) and the Dow Jones Industrial
Average (+1.0%), both of which returned to positive territory for the year. The
Russell 2000 added 1.8%.
Today after the close the following companies are scheduled to report: CAI, EQC, ABX, AEM, ARR, ASGN, CSV, CYS, GG, MMLP, WCN, CHE, OIS, ALSN, SB, ARI, ARRS, CF, EQIX, HR, IRTC, LPI, MRO, NLY, OMF, PEI, PKD, QTWO, WMB, ANH, CC, H, SPWR, ANDE, IFF, TRIP, CUTR, MAR, NP, NSIT, PPC, PRTA, VNDA, XEC, CTL, CXW, KGC, QUIK, SEDG, SLF, EFX, HCC, CSCO, NTAP, AMAT.
Futures are modestly lower after hours: S&P 500 futures are -0.75 from the fair value of 2697 and Nasdaq100 futures are -4.50 from fair value of 6681.
Tomorrow morning, economic reports scheduled to be released include: Initial claims (08:30am ET, 227K Consensus vs 221K prior), Continuing claims (08:30am ET, Consensus NA vs 1923K prior), PPI (08:30am ET, Consensus 0.4% vs -0.1% prior), Core PPI (08:30am ET, Consensus 0.2% vs -0.1% prior), Empire Manufacturing (08:30am ET, Consensus 19 vs 17.7 prior), Philadelphia Fed (08:30am ET, Consensus 22.0 vs 22.2 prior), Industrial Production (08:30am ET, Consensus 0.2% vs 0.9% prior), Capacity Utilization (08:30am ET, Consensus 78.0% vs 77.9% prior).
Tomorrow before the open the following companies are scheduled to report earnings: OMC, SYNT, POOL, SON, YNDX, ICLR, KIM, ASPS, BBW, BCOR, COWN, CRAI, EQM, EQT, MTRN, PATK, PDS, WM, WST, AAN, ACOR, COMM, INCY, SHOP, ALE, CVE, NICE, AVP, CBB, CBZ, CYBR, FTS, GEL, HPP, IRWD, MFA, PBF, PBFX, RMP, RWLK, THS, ZTS, ARES, HL, ARDX, CCE, ECA, USFD, GPN, HII, BAM, TGH.
Looking at the energy markets:
EIA petroleum released its weekly crude oil storage data this morning for the week ended Feb 9th:
- Crude oil inventories had a build of 1.8 mln barrels
- Gasoline inventories had a build of 3.6 mln barrels
- Distillate inventories had a draw of 0.5 mln barrels
- Mar WTI crude oil futures settled the day +$1.37 at $60.57/barrel