S&P 500 held steady on Wednesday, finishing just a tick below its flat
line, in what was a range-bound day of trading. Investors had several headlines
to work through, including criminal convictions of two former advisers to
President Trump and the resumption of trade talks between the U.S. and China.
Today after the close the following companies were scheduled to report earnings: ZAYO, HTHT, LB, SNPS, WSM, QADA.
Futures are mixed after hours: S&P 500 futures are -1.50 from its fair value of 2,863 and Nasdaq100 futures are +1.0 from fair value of 7,434.
Tomorrow morning, economic reports scheduled to be released include: Initial Claims (08:30am ET, 217K Consensus), Continuing Claims (08:30am ET, NA Consensus ).WSM +9.9%, SNPS +4.6%, ZAYO +1.7%, LB +1.2%, QADA -4.2% on earnings/guidance:
Tomorrow before the open the following companies are scheduled to report earnings: LANC, FLWS, FLY, BABA, USAT, PLCE, KLXI, CM, CTRN, HRL, SAFM, SPWH, TTC, HMLP.
Looking over at the energy space...
EIA petroleum data for the week ended Aug 17:
- Crude oil inventories had a draw of 5.8 mln barrels
- Gasoline Inventories has a build of 1.2 mln barrels
- Distillate Inventories has a build of 1.8 mln barrels
- In addition, U.S. crude oil production also rose for a second week in a row, rising 100,000 barrels per day (bpd) week-over-week to 11.0 mln bpd
Oct WTI crude oil futures settled the day $2.04 higher at $67.87/barrel.