The stock market ended its day on a sharply higher note as Fed Chair Janet Yellen boosted equities by striking a decidedly dovish tone. Meanwhile, the outperformance of the heavily-weighted technology (+1.6%) and health care (+1.2%) spaces added support to the move higher. Conversely, a downturn in crude oil and the underperformance of the financial sector (+0.2%) provided for some early weakness in the broader market. The Nasdaq Composite (+1.7%) ended ahead of the S&P 500 (+0.9%) and the Dow Jones Industrial Average (+0.6%).
Today after the close the following companies were scheduled to report earnings: LNDC, PLAY, RH, SONC, VNCE, VRNT
Futures are higher after hours: S&P 500 futures are +1.75 from fair value of 2046 and Nasdaq100 futures are +1.88 from fair value of 4,457.
Tomorrow morning before the open, economic reports scheduled to be released include: 1) MBA Mortgage Index (Consensus NA), 2) ADP Employment Change (Consensus 196K).
Tomorrow before the open the following companies are scheduled to report earnings: AFMD, CCL, LULU, PAYX, UNF