Market Close for Tuesday, January 04, 2011

After the close…

We have MOS reporting solid Q2 earnings.

We had a sizable loss working today, especially in the S&P 600 which I watch closely. I thought today might turn into a sell day. At the end of the day, the only index flashing warning red was ^SML. The others (DJIA, SPX and COMP) were all still green. Whew… Sell was avoided, for today anyway.

After the close, notable stocks reporting earnings include MOS, SONC, LNDC, ANGO and TISI.

Futures are lower after hours with S&P 500 futures down -0.29 from fair value of 1265.59 and Nasdaq 100 futures down -3.34 points from fair value of 2249.84.

Six of the ten sectors were in negative territory, led by consumer discretionary (-0.6%), energy (-0.6%) and materials (-0.5%).

Tomorrow before the open we have a few economic reports that are scheduled to be released, including MBA Mortgage Purchase Index. (Consensus NA), Challenger Job Cuts (Consensus NA) and ADP Employment Change (Consensus 100K).

Also tomorrow before the open, FDO and UNF are expected to report earnings.

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