S&P 500 gained 0.7% on Monday, securing its fourth day of gains in the last
five sessions. The Dow Jones Industrial Average gained 0.4%, the Nasdaq
Composite gained 1.3%, and the Russell 2000 outperformed with a gain of 1.8%. The
major averages opened the session to some tepid buying interest. The S&P
500 briefly dipped into negative territory (-0.3%), but the pullback didn't
gain any traction as the benchmark index steadily climbed to session highs
(+1.4%) by early afternoon.
The following companies were scheduled to report earnings this afternoon: None.
Futures are higher after hours: S&P 500 futures are +3.12 vs. fair value of 2,550 and Nasdaq-100 futures are +3.00 vs. fair value of 6,502.
Tomorrow morning, economic reports scheduled to be released include: NFIB Small Business Optimism (08:30am ET, Consensus 180K vs. 155K in the prior month).
The following companies are scheduled to report earnings tomorrow morning: AZZ, HELE, LNN.
In corporate news:
- Union Pacific (UNP +7%) names Jim Vena COO
- NovoCure (NVCR -4.4%) issues upside revenue guidance for 4Q18; Active patients increased 30%
- Meridian Bioscience (VIVO -4%) sees Q1 revs $51-51.5 million, falling short of expectations, driven by weakness in the Diagnostics segment