Market Close for Wednesday, January 05, 2010

After the close…

We have RT +3.1% following their earnings results.

Data helped dissolve a negative early trade tone, but financial’s provided the leadership to take the stock market to a fractionally improved two-year high.

After the close notable stocks reporting earnings include RECN, RT and XRS.

Futures are mixed after hours with S&P 500 futures down -0.98 from fair value of 1272.08 and Nasdaq 100 futures up +1.27 points from fair value of 2268.73.

Nine of the ten sectors were in positive territory, led by financials (+1.2%), consumer discretionary (+0.8%) and materials (-0.5%).

Tomorrow before the open we have one economic report scheduled to be released: Initial claims (Consensus 405K) and Continuing claims (Consensus 4070K).

Also tomorrow before the open, notable stocks expected to report earnings include STZ, MON, MSM, and RPM.

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