EmailThe major market averages finished sharply lower as the debt ceiling talks failed to make progress, and the Fed's Beige Book showed the economy's pace of growth is slowing. Also weighing on markets was the disappointing durable orders data that came out prior to the opening bell. The S&P 500 ended at its lowest level in a month, and closed below its 50-day moving average. Macro events offset some good earnings reports as online retailer Amazon, and aircraft marker Boeing released better than expected results. Dunkin Brands was the latest initial public offering to garner attention as its shares surged by 46.6% on its opening day.
After the close, HUBG, KNX, LRCX, NSR, AMP, HMA, HURN, CBG, CLUB, HMN, SFN, SGMO, STR, TMK, UHS, AEA, AFFX, AFL, AIZ, AKAM, ARII, ARRS, AVB, BDN, CCI, CHRM, CINF, COG, CSGP, CTXS, DAVE, DRCO, DRE, DUF, EFX, EGN, EQIX, EQR, FLS, FR, GGG, HGR, HRC, IDCC, IFSIA, ISIL, ISSI, ITRI, JAH, KAI, KALU, KBR, KEX, LOGI, LOGM, LOOP, LSI, MANT, MBLX, MERU, MRH, MTSN, OI, OII, ORLY, PACB, PDLI, RA, RE, RNOW, RYL, SCI, SFLY, SIGI, SKX, SPN, SRCL, SUSQ, SYA, TAL, TBI, TER, TQNT, VAR, WIRE, WLL, AHL, AIQ, AMKR, CLF, CROX, DOX, GB, GPRE, HLS, NATI, RGR, TYL, AEM, HIW, AXTI, BEAT, CNQR, COHR, GMCR, THQI, UTI, ARE, BMC, CMO, CVD, DXPE, GG, MUR, IPHI, V, CHDN, GMR, SPTN, SYMC, QTM, WFM are the most notable names scheduled to report earnings results.
Futures are lower after hours: S&P 500 futures are -1.63 from fair value of 1301.03 and Nasdaq100 futures -2.75 from fair value of 2363.52.
Tomorrow morning before the open, one economic reports is scheduled to be released: Initial claims (Consensus 415K) and Continuing claims (Consensus 3688K).
Tomorrow before the open look for the following companies to report: AZN, BSX, PLD, DD, GMT, LLL, TASR, TNC, AGCO, ASH, CRS, LIFE, MHP, MNI, RYN, SNV, TKR, ABX, BDC, CRR, DAN, DTE, GTI, LAZ, LIZ, MDP, ODFL, ROK, SNAK, SPNC, TDY, ABC, ART, BABY, BC, BCO, BG, BHE, BLL, BMY, BWA, CAB, CAM, CCE, CDI, CELG, CL, CLI, CLP, CME, CMS, CNMD, CNX, CRI, CRY, D, DLR, DLX, ELNK, EME, EQT, EVR, FAF, FORR, FVE, HEP, HERO, HHS, HOT, HSC, IART, IMAX, IP, IPG, IRM, IVC, KMT, LINE, LKQX, MEA, MGI, MHO, MJN, MSA, MSI, MWW, NBL, NEI, NIHD, NLSN, ORI, OSK, PACR, PEI, PHM, PMTI, POT, PROV, PTEN, RCL, REV, RIMG, RS, RTIX, RTN, S, SHPGY, SNH, SRT, STEL, STRA, SUI, TRI, TRS, TWC, TWI, TYC, UFS, UTHR, VCI, VPHM, WM, WST, XEL, XOM, XRAY, DHI, GT, HZO, WBC, ADP, CPO, SU, AVP, CWEI, INCY, LM, WEC, HPY, K, NXPI, TLM, ANDS, ARG, BBW, CLW, EXP, MAC, MWIV, POZN, HL, TNP, ACAT, CACH, PCP, PSSI, MF, QSII, GHM, MOD, SAVE, DDD, and SNE.
