Stocks finished the session on a higher note, but gave up a large portion of their gains in the final half-hour of the session. The major averages showed notable divergence as the Dow led with a gain of 0.6% while Nasdaq lost 0.8%. The tech-heavy index lagged the broader market due to considerable weakness in shares of Apple(AAPL 538.79, -37.05), which fell 6.4% and saw their largest one-day drop in four years. Meanwhile, the S&P 500 held near its session high for the majority of the afternoon before late-day selling trimmed its gain to 0.2%.
Today after the close the following companies are scheduled to report earnings: AMBA, ASNA, FNSR, MW, SAI, SIGM, SNPS, VRA, VRNT
Futures are lower after lower hours: S&P 500 futures are -1.35 from fair value of 1408.05 and Nasdaq100 futures are -0.21 from fair value of 2636.46.
Tomorrow morning before the open two economic reports are scheduled to be released: 1) Challenger Job Cuts, and 2) Initial Claims (Consensus 382k) and Continuing Claims (Consensus 3275k).
Tomorrow before the open the following companies are scheduled to report earnings: CMN, HRB, HITK, KFY, LAYN, LULU, MPR, MEI, SFD, TITN, TD, UTIW