After the close…
We have SBUX up +2.3%, CSTR down -1.6% and CHK up +1.7% following their earnings reports and guidance.
The major market averages had a sharp reversal, losing early gains and closing flat to lower as investors worry over the debt ceiling debate in Washington continues to weigh on equities. The Nasdaq turned an early gain of 1.2% into a flat close while the Dow and S&P saw modest gains turn into losses.
After the close, notable stocks reporting earnings include CPSI, CHINA ,MCRL, MXIM, SYNA, INSU, SBCF, VECO, DDIC, VSI, CDNS, CMP, CYH, DDR, DNB, EXR, FFBC, GERN, INSP, IPCM, NTRI, PCTI, SBUX, AACC, ABAX, ACOM, AMCC, ARBA, BIN, BMRN, CELL, CERN, COLM, CPT, CSTR, CTCT, CW, DECK, DRIV, EEP, EMN, EPIQ, EXPE, FII, GDOT, GFIG, GPRO, IM, INAP, ITMN, KEG, KLAC, LEG, MMI, MSCC, MTX, MXL, MXWL, N, NANO, NOAH, NR, NTGR, O, OCLR, QLIK, RGC, RSG, SIMO, SPF, SPSC, SSD, STMP, SURW, SWN, TNAV, TRLG, TSRA, TSYS, UACL, VPRT, VRSN, VSEA, WOOF, WRE, ZOLL, CHK, EXM, NETL, OMCL, GNW, JAZZ, MCK, NBIX, RSYS, VRTX, DOLE, ISTA, MET, MRT, MTD, NLY, NXPI ,PRAA ,CDXS,GSIT, OFIX, PROJ, PWER, QLGC, RNWK, WMGI, RADS, CRAY, TGI, STEC, IXYS, RLD, ALSK and ECHO.
Futures are lower after hours with S&P 500 futures down -1.68 from fair value of 1296.92 and Nasdaq 100 futures down -4.99 from fair value of 2368.21.
Tomorrow before the open, there are two economic reports is scheduled to be released: GDP- Adv (Consensus 1.7%) and GDP Deflator (Consensus 2.0%) and 2) Employment Cost Index (Consensus 0.5%).
Also tomorrow before the open notable stocks reporting earnings include AMGN, AEP, NEM, ACI, NS, USAP, HP, KBW, MTH, PFS, WY, AGP, AIV, ALE, AON, AXL, B, CPN, CVH, CVX, HMSY, ITT, KVHI, LPNT, MGLN, MRK, NWL, PPC, RUTH, AB, MOG.A, CFX, TEN, TYPE, EGO, ELT, KDN, and LPX.