DJIA / Market Close for Tuesday, August 30, 2011

After the close…

We have DRYS down -10.1% and PVH up +3.5% following their earnings reports and guidance.

Selling in the final minutes had stocks ending short of their session highs, but the major equity averages still managed to hold on for another gain.

After the close, notable stocks reporting earnings include DRYS, FMD, GMAN, PVH, SNDA, VRA and JRJC.

Futures are lower after hours with S&P 500 futures down -8.51 from fair value of 1211.71 and Nasdaq 100 futures down -13.21 from fair value of 2237.21.

Tomorrow before the open, there are three economic reports scheduled to be released: MBA Mortgage Index (Consensus NA), Challenger Job Cuts (Consensus NA) and ADP Employment Change (Consensus 100K).

Also tomorrow before the open, notable stocks expected to report earnings include BF.B, TFM, GCO, JOYB, LTXC, and ZLC.

PSVIX was up today and closed at 29.96, $0.01 shy of this years starting point of 29.97.

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