DJIA / Market Close for Tuesday, October 04, 2011

After the close…

We have YUM down -2.3% following their earnings report and guidance.

ALERT: Moody’s Cuts Italy’s Govt. Bond Rating!

Trade on Tuesday was quite volatile. The S&P 500 quickly tumbled in excess of 2%, but retraced the downturn into midday. The struggle to extend the move into anything more than an incremental gain invited renewed selling in the afternoon, but a late rally helped the market close with a gain of more than 2%.

After the close, notable stocks reporting earnings include YUM, RECN, GPN and LNDC.

Futures are lower after hours with S&P 500 futures down -3.58 from fair value of 1118.28 and Nasdaq 100 futures down -7.61 from fair value of 2124.31.

Tomorrow before the open, there are three economic reports scheduled to be released: MBA Mortgage Index (Consensus NA), Challenger Job Cuts (Consensus NA), ADP Employment Change (Consensus 45K).

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

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