The stock market was on track for a sizable loss on Thursday following President Trump's decision to cancel his June 12 summit with North Korean leader Kim Jong Un, but nearly reclaimed all of that loss in an intraday rebound. The S&P 500 was down as much as 1.0% before ending the session lower by 0.2%. Meanwhile, the Dow finished lower by 0.3%, and the Nasdaq closed just a tick beneath its flat line.
Today after the close the following companies were scheduled to report earnings: EGHT, QSII, DECK, DXC, LGF.A, VSAT, ZOES, VEEV, GPS, NTNX, SPLK, ADSK, ROST, YRD, SCVL.
Futures are mixed after hours: S&P 500 futures are unch from fair value of 2,727 and Nasdaq100 futures are +1.25 from fair value of 6,954.
Tomorrow morning, economic reports scheduled to be released include: Durable Orders (08:30am ET, Consensus -1.6%), Durable Goods --ex transportation (08:30am ET, Consensus 0.6%).
Tomorrow before the open the following companies are scheduled to report earnings: CAE, FL, BKE, HIBB.
Looking at the natural gas market, the EIA released its natural gas data for the week ended May 18.
- Natural gas inventory showed a build of 91 bcf vs a build of 106 bcf in the prior week
- Working gas in storage was 1,629 Bcf as of Friday, May 18, 2018, according to EIA estimates. This represents a net increase of 91 Bcf from the previous week. Stocks were 804 Bcf less than last year at this time and 499 Bcf below the five-year average of 2,128 Bcf. At 1,629 Bcf, total working gas is within the five-year historical range