After Hours Report

The S&P 500 (-0.5%), Nasdaq Composite (-1.0%), and DJIA (-0.1%) retreated amid a notable rotation out of mega-cap tech today. While the major averages finished well off of their session lows, today's losses pushed the indices into negative week-to-date territory. 

This morning's inflation data added to the "risk off" sentiment in the market today. 

The November PPI (0.2%; Briefing.com consensus: 0.2%) and Core PPI (0.0%; Briefing.com consensus: 0.2%) reports showed both measures rising on a year-over-year basis to 3.0% from 2.8% and 2.9%, respectively, further reinforcing the market's view that several more months may pass before the next potential rate cut. The data follows yesterday's December CPI release, in which both the headline figure (0.3%; Briefing.com consensus: 0.3%) and core CPI (0.2%; Briefing.com consensus: 0.3%) came in largely in line with expectations.

While neither report materially shifted the policy outlook, the lack of a downside inflation surprise, combined with equity prices sitting at record highs, has contributed to another pullback in stocks today, one that has proven sharper than recent bouts of weakness.

Despite a November Retail Sales report (0.6%; Briefing.com consensus: 0.4%) that topped expectations, the consumer discretionary sector (-1.8%) finished with the widest loss today. Amazon (AMZN 236.65, -5.95, -2.45%) and Tesla (TSLA 439.14, -8.06, -1.80%) provided weak mega-cap leadership, while lululemon athletica (LULU 203.14, -8.76, -4.13%) was a considerable laggard after the U.S. Supreme Court did not issue a ruling on the legality of President Trump's IEEPA tariffs today. 

The top-weighted information technology sector (-1.5%) closed with a similar loss. NVIDIA (NVDA 183.14, -2.67, -1.44%) and Microsoft (MSFT 459.38, -11.29, -2.40%) were among the mega-cap names that traded lower, while Intuit (INTU 566.60, -38.68, -6.39%) and AppLovin (APP 617.76, -50.86, -7.61%) finished with the widest losses across S&P 500 names today. 

The Vanguard Mega Cap Growth ETF would finish with a 1.3% loss, which was actually a solid improvement from session lows. Outside of the mega-cap realm, the market had a positive tilt, which helped the S&P 500 Equal Weighted Index (+0.4%) decidedly outperform the market-weighted S&P 500 (-0.5%). 

Though the financials sector (-0.2%) failed to notch a gain, the modesty of its loss is impressive considering the scope of losses in several major banking names today.  Wells Fargo (WFC 89.26, -4.30, -4.60%) was a notable laggard after missing revenue expectations, while Bank of America (BAC 52.52, -2.02, -3.71%) and Citigroup (C 112.41, -3.89, -3.34%) also moved lower despite topping estimates. 

Credit card names such as Capital One (COF 234.42, +3.00, +1.30%) and Visa (V 329.22, +1.34, +0.41%) saw modest gains after two consecutive sessions of weakness that followed President Trump's call for a one-year 10% cap on credit card interest rates. 

The energy sector (+2.3%) closed with the widest gain, supported by crude oil futures setting today's session $0.71 higher (+1.2%) at $61.88 per barrel. However, since the settlement closing, oil has given back today's gain and then some after President Trump said at a White House event that he has been told Iran is stopping the execution of protestors. 

Elsewhere, the consumer staples (+1.2%), consumer staples (+0.7%), and health care (+0.7%) sectors traded higher as investors sought more defensive positionings amid the mega-cap sell-off today.  The real estate sector (+1.1%) also captured a solid gain. 

Outside of the S&P 500, the Russell 2000 (+0.7%) captured another solid gain, with the S&P Mid Cap 400 (+0.1%) also finishing higher as the smaller-cap indices continue to outperform the major averages this year. 

Overall, today's session reflected the broadening of leadership that has been prevalent so far this year, though a notable trimming of mega-cap holdings pressured the major averages despite strength elsewhere. 

U.S. Treasuries enjoyed a midweek extension of their gains from Tuesday, sending yields on most tenors to one-week lows while the 30-year yield settled at its lowest level since early December. The 2-year note yield settled down two basis points to 3.51%, the 10-year note yield settled down three basis points to 4.14%, and the 30-year note yield settled down three basis points to 4.80%. 

• Russell 2000: +6.8% YTD
• S&P Mid Cap 400: +5.1% YTD
• DJIA: +2.3% YTD
• S&P 500: +1.2% YTD
• Nasdaq Composite: +1.0% YTD

Reviewing today's data:

• Weekly MBA Mortgage Applications Index 28.5%; Prior -9.7%
• November Retail Sales 0.6% (Briefing.com consensus 0.4%); Prior was revised to -0.1% from 0.0%, November Retail Sales, ex-auto 0.5% (Briefing.com consensus 0.3%); Prior was revised to 0.2% from 0.4%
  • The key takeaway from the report is that retail sales rebounded smartly in November after the end of the government shutdown, driven by increases across most discretionary spending categories.
• November PPI 0.2% (Briefing.com consensus 0.2%); Prior was revised to 0.1% from 0.3%, November Core PPI 0.0% (Briefing.com consensus 0.2%); Prior was revised to 0.3% from 0.1%
  • The key takeaway from the report is that PPI and core-PPI both increased on a year-over-year basis to 3.0% from 2.8% and 2.9%, respectively, which is to say they moved in the wrong direction to create a true sense of inflation calm and a seeming rate-cut guarantee.
• Q3 Current Account Balance -$226.4 bln; Prior was revised to -$249.2 bln from -$251.3 bln
• December Existing Home Sales 4.35 mln (Briefing.com consensus 4.15 mln); Prior was revised to 4.14 mln from 4.13 mln
  • The key takeaway from the report is that home sales in December increased across all regions, leading to the strongest increase in seasonally adjusted sales in nearly three years despite tight inventory levels.
• October Business Inventories 0.3%; Prior was revised to 0.3% from 0.2%
• The Fed's January Beige Book described overall economic activity as having increased at a slight to modest pace in eight Districts while three Districts saw no change and one reported a modest decline. Consumer spending increased during the holiday shopping season with higher-income consumers fueling the growth while remaining groups became more price sensitive. Auto sales were little changed while manufacturing was mixed. Residential real estate activity softened while employment was little changed.

Overseas:

• Europe: DAX -0.4%, FTSE +0.5%, CAC -0.2%
• Asia: Nikkei +1.5%, Hang Seng +0.6%, Shanghai -0.3%

Commodities:

• Crude Oil +0.71 @ 61.88
• Nat Gas -0.30 @ 3.11
• Gold +35.10 @ 4635.40
• Silver +4.99 @ 91.36
• Copper +0.03 @ 6.05

After-Hours Spotlight:

• Automatic Data (ADP) authorizes purchase of $6 billion of its common stock...ADP +0.8%
• B. Riley Financial (RILY) Reports Second Quarter 2025 Financial Results...RILY +36.4%
• Compass Diversified (CODI) Reports Third Quarter 2025 Financial Results...CODI -3.9%
• H.B. Fuller (FUL) beats by $0.05, reports revs in-line; guides FY26 EPS in-line, revs below consensus...FUL -2.6%
• Hilton (HLT) increases share repurchase authorization by $3.5 bln ...HLT +0.2%
• Mission Produce (AVO) announces agreement to acquire Calavo Growers (CVGW) in cash and stock transaction...AVO -4.3%; CVGW +13.3%
• President Trump signs executive order adjusting imports of processed critical minerals and their derivative products into the United States
• President Trump signs proclamation to address national security concerns with respect to semiconductors; also imposed a 25% tariff on certain advanced computing chips, such as the NVIDIA (NVDA) H200 and Advanced Micro Devices' (AMD) AMD MI325X....NVDA -0.1%; AMD -0.3%

Fair Value for Thursday, January 15:

• S&P 500: 6,964
• Nasdaq 100: 25,626
• DJIA: 49,352

For a full rundown of today's market and after hours developments, see Live In Play

• Earnings/Guidance (Full Earnings Calendar):
  • ACADIA Pharmaceuticals (ACAD) guides FY25 revs in-line
  • Aviat Networks (AVNW) provides investor updates in presentation with 2026 guidance for adj EBITDA of $45-55 mln and revs $440-460 mln
  • Bank of America (BOA) beats by $0.02, beats on revs
  • Biogen (BIIB) expects that its GAAP and non-GAAP results for the fourth quarter of 2025 will include acquired in-process research and development, upfront and milestone expense of approximately $222 million on a pre-tax basis
  • BP (BP) provides guidance updates; Q4 results are expected to include post-tax adjusting items relating to impairments, including impairments within our equity-accounted entities, in the range of $(4) to (5) billion
  • Caledonia Mining (CMCL) announces Blanket Mine gold production for the quarter with FY 2026 Guidance
  • Crinetics Pharmaceuticals (CRNX) reiterated certain previously announced preliminary and unaudited financial and operating results for the fourth quarter
  • Equinox Gold (EQX) delivers record q4 production and record fy 2025 gold production of 922,827 ounces; 2026 guidance represents an 80% increase in annual Canadian gold production
  • Glaukos (GKOS) guides Q4 revenue above consensus; reaffirms FY26 revenue guidance
  • Guardian Pharmacy Services (GRDN) reaffirms FY25 revenue and adjusted EBITDA guidance, issues downside FY26 revenue guidance
  • Impinj (PI) raises Q4 revenue and adjusted EBITDA guidance
  • Infosys (INFY) releases Q4 results
  • Pearson Plc (PSO) reports 2025 trading in line with guidance, momentum builds into 2026
  • Phoenix Education Partners (PXED) beats by $0.14, beats on revs; guides FY26 revs in-line
  • Rapid Micro Biosystems (RPID) guides Q4 revenue slightly above consensus
  • TG Therapeutics (TGTX) issues upside FY25 revenue guidance, in-line FY26 revenue guidance
  • Triple Flag Precious Metals Corp (TFPM) posts record GEOs for ninth straight year, hits top half of 2025 guidance
  • TTM Tech (TTMI) discloses comments made at conference - "will double our earnings from '25 to '27."
  • United Comm Banks (UCB) reports EPS in-line, beats on revs
  • Wells Fargo (WFC) beats by $0.10, misses on revs; provides outlook
  • Xpeng (XPEV) internal memo says the company wants to sell 600,000 vehicles this year, according to Reuters
• General News
  • President Trump in an interview says the U.S. will "take very strong action" if Iranian officials begin hanging protesters, according to CBS News
  • The U.S. is seeking court-approved warrants to confiscate dozens of additional Venezuela-connected oil tankers, according to Reuters
  • Ahead of a meeting between Secretary of State Marco Rubio and his counterparts from Greenland and Denmark today, President Trump says Greenland should be in the hands of the U.S. and "anything less is unacceptable"
  • Japan Prime Minister Sanae Takaichi to dissolve the House of Reps, according to NIKKEI.com
  • China's trade surplus reaches $1.2 trillion, according to Bloomberg
  • President Trump said JP Morgan CEO Jamie Dimon was wrong to suggest he was undermining the independence of the Fed, according to Bloomberg
  • FHFA Director Bill Pulte in an interview questioned stock repurchases made by home builders, according to WSJ
  • China tells firms to stop using U.S. security software, according to Reuters
    Chinese exchanges tighten margin requirements, according to Bloomberg
  • NHTSA issues "Urgent Warning: two more deaths from substandard, dangerous Chinese air bag inflators" 
  • Supreme Court will not issue tariff ruling today; they ruled on two other unrelated cases
  • U.S. announces Phase Two of President Trump’s 20-point Gaza Plan, shifting focus to demilitarization, technocratic governance, and reconstruction
  • The Trump administration is considering expanding private company role in cyber warfare, according to NY Times
  • President Trump increasingly believes he must take decisive action against Iran; Iran preparing to attack U.S. bases if U.S. launches an attack, according to CNN
  • The Trump administration’s first sale of Venezuelan oil was worth $500 mln, according to Semafor
  • OpenAI will purchase computing capacity from Cerebras Systems, according to WSJ
  • President Trump at White House event says has been told that Iran is stopping executions of protestors; says he will be "very upset" if the killing doesn't stop
  • President Trump signs legislation that requires National School Lunch Program to include whole milk and 2 percent milk
  • A2Z Cust2Mate Solutions Corp. (AZ) announces launch of a dedicated Retail Media Division
  • Alphabet (GOOG): Google's Gemini AI launches "Personal Intelligence" Beta, letting users connect Gmail, Photos, YouTube, and Search for tailored, privacy-focused assistance
  • Alto Neuroscience (ANRO) strengthens intellectual property portfolio with issuance of new method-of-treatment patent for ALTO-207 in depression; expected to protect ALTO-207 into the mid-2040s
  • Amazon (AMZN) will appeal Italy's antitrust fine, according to Reuters
  • America's Car-Mart (CRMT) announces the completion of Phase 2 of its previously announced SG&A Cost Control Strategy through footprint optimization, which includes the consolidation of 13 locations into higher-performing nearby dealerships
  • Apollo Global Management (APO) aims to launch trading for a private chip loan tied to Musk’s xAI, according to Bloomberg
  • AptarGroup's (ATR) nasal vaccine delivery solutions featured in CastleVax Phase II clinical trial of an intranasal COVID-19 vaccine candidate
  • Array Digital Infrastructure (AD) announces the successful closing of the previously announced agreement with AT&T (T) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.018 billion
  • Aurora Cannabis (ACB) announces "significant progress" in its powdery mildew resistance research
  • Baidu (BIDU) considering upgrading its Hong Kong listing to primary status, according to Bloomberg
  • BioNTech (BNTX) provided a strategic business update and outlined the Company’s focus areas for 2026, including an overview of expected near- to longer-term milestones
  • Bitfarms (BITF) transitions Board Chair ahead of planned U.S. redomiciliation
  • Caledonia Mining (CMCL) announces that James Mufara, Chief Operating Officer, has left the Company
  • Cimpress (CMPR) announces next step in its strategy for elevated growth through expanded collaboration with VistaPrint
  • Coca-Cola (KO) announces changes in operational leadership and creation of new enterprise role to accelerate digital transformation
  • Denison Mines (DNN): Grounded Lithium announces non-core acquisition of oil and gas rights
  • Dentsply Sirona (XRAY) and Benco Dental announce expanded partnership to include dental technology solutions
  • Eli Lilly (LLY): Strive Compounding Pharmacy filed a federal antitrust lawsuit against Eli Lilly and Novo Nordisk (NVO) alleging a coordinated effort to suppress competition and limit patient access to lawful compounded GLP-1 medications
  • General Motors (GM): FTC bars GM and OnStar from selling vehicle location and driving data, imposes 20-year consent and transparency rules
  • Huntington Ingalls (HII) awarded Missile Defense Agency's SHIELD contract with a ceiling of $151 bln
  • HUTCHMED (HCM) highlights publication of Phase III SACHI results in The Lancet
  • ICF International (ICFI) secures two new contracts with European institutions with combined ceiling value of nearly $300 mln
  • Integra Resources Corp. (ITRG) DeLamar Heap Leach Project has been selected for inclusion in the United States Federal Permitting Improvement Steering Council FAST-41 Transparency Projects Program
  • JPMorgan Chase (JPM) and Alibaba (BABA) will invest in Montage Technology Hong Kong listing, according to Bloomberg
  • LXP Industrial Trust (LXP) refinances credit facilities, extends maturities and lowers pricing
  • Manchester United (MANU) confirmed Michael Carrick as head coach
  • Microsoft (MSFT) disrupts global cybercrime subscription service responsible for millions in fraud losses
  • Novo Nordisk A/S (NVO) CEO Mike Doustdar in an interview last night said company is in the market for big or small obesity deals, according to Bloomberg
  • NVIDIA (NVDA): U.S. softens regulatory limits on H200 chip exports to China, according to Reuters
  • NVIDIA (NVDA): Chinese customs agents were told Nvidia chips are not permitted, according to Reuters
  • NVIDIA (NVDA): BIS is revising its license review policy for exports of certain semiconductors to China and Macau—changing it from a presumption of denial to a case-by-case review
  • Perella Weinberg Partners (PWP) disclosed Peter A. Weinberg resigned as Chairman
  • Philips (PHG): Emergency Care Holdings announces the completion of its acquisition of the Philips Emergency Care business from Koninklijke Philips N.V.
  • Playtika (PLTK) announced a reduction in workforce
  • Procter & Gamble (PG) recommends stockholders reject mini-tender offer by Potemkin Limited
  • Provident Finl (PFS) announces retirement of Thomas M. Lyons, Senior Executive Vice President and Chief Financial Officer of Provident Financial Services and Provident Bank
  • QuickLogic (QUIK) receives orders for its Strategic Radiation Hardened FPGA Development Kit
  • RTX (RTX): The State Department has made a determination approving a possible Foreign Military Sale to Kuwait of PATRIOT Program Sustainment and Follow-On Technical Support and related equipment for an estimated cost of $800 million
  • Saks Global secures $1.75 billion of committed capital; commenced voluntary chapter 11 cases
  • Sandoz (SDZNY) confirms European Commission approval of Ondibta, strengthening overall biosimilars leadership and position in diabetes
  • SKYX Platforms (SKYX) announces $4 million strategic investment from Philotimo Fund, at $2.00 per share in straight common with no warrants
  • SLB (SLB) could benefit from President Trump's plan to leverage Venezuelan oil, according to FT
  • Solid Biosciences (SLDB) Provides 2026 Outlook Underscoring Neuromuscular and Cardiac Pipeline Momentum and Expanded Access to Next-Generation Capsid AAV-SLB101
  • Tesla (TSLA) CEO Elon Musk says "Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter."
  • Tesla (TSLA) offers discounts on Model Y to clear unsold inventory in India, according to Bloomberg
  • Toyota Motor (TM): Denso discloses notice regarding change of conditions of purchase of tender offer for own shares
  • Trip.com Group (TCOM) discloses antitrust investigation by China regulator
  • Victory Capital (VCTR) reports total Assets Under Management of $313.8 bln as of December 31, 2025
  • Warrior Met Coal (HCC) announces that its subsidiaries, Warrior Met Coal Mining, and Warrior Met Coal BC, have been awarded federal coal leases by the Bureau of Land Management, enabling the expansion of its mining operations in Alabama
  • WeRide (WRD) integrates Robotaxi booking into Tencent’s WeChat super-app
  • Wingstop (WING) reinstated the role of Chief Operating Officer with the appointment of Rajneesh (Raj) Kapoor, 55, previously President of International

• Upgrades:
  • Adient (ADNT) upgraded to Buy from Neutral at UBS, tgt $30
    
  • Check Point Software (CHKP) upgraded to Overweight from Equal Weight at Stephens, tgt $240
    
  • Cheniere Energy (LNG) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $220
  • CME Group (CME) upgraded to Buy from Hold at TD Cowen, tgt $305
    
  • CNH Industrial (CNH) upgraded to Buy from Neutral at Goldman, tgt $13
    
  • Cintas (CTAS) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $245
    
  • EssilorLuxottica (ESLOY) upgraded to Buy from Hold at HSBC
    
  • Fabrinet (FN) upgraded to Overweight from Equal Weight at Barclays, tgt $537
    
  • Flex (FLEX) upgraded to Outperform from Market Perform at Raymond James, tgt $75
    
  • Global Payments (GPN) upgraded to Buy from Neutral at Seaport Research, tgt $109
  • Materion (MTRN) upgraded to Overweight from Sector Weight at KeyBanc, tgt $161
    
  • Nutrien (NTR) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $77
    
  • Okta (OKTA) upgraded to Overweight from Equal Weight at Stephens, tgt $120
    
  • Prologis (PLD) upgraded to Outperform from Sector Perform at Scotiabank, tgt $146
• Downgrades:
  • Air France-KLM (AFLYY) downgraded to Underweight from Equal Weight at Barclays
    
  • Arthur J. Gallagher (AJG) downgraded to Neutral from Overweight at Cantor Fitzgerald, tgt $282
    
  • BlackRock (BLK) downgraded to Hold from Buy at TD Cowen, tgt $1,209
    
  • Coca-Cola Europacific Partners (CCEP) downgraded to Neutral from Buy at BofA Securities, tgt $96
    
  • Douglas Emmett (DEI) downgraded to Sector Perform from Outperform at Scotiabank, tgt $12.50
    
  • Enterprise Products Partners (EPD) downgraded to Underperform from Peer Perform at Wolfe Research, tgt $31
    
  • KKR (KKR) downgraded to Hold from Buy at TD Cowen, tgt $131
    
  • Deutsche Lufthansa (DLAKY) downgraded to Underweight from Equal Weight at Barclays
    
  • Martin Marietta Materials (MLM) downgraded to Neutral from Buy at DA Davidson, tgt $690
    
  • Methanex (MEOH) downgraded to Market Perform from Outperform at Raymond James
    
  • Reckitt Benckiser (RBGLY) downgraded to Sector Perform from Outperform at RBC Capital
    
  • Rivian Automotive (RIVN) downgraded to Sell from Neutral at UBS, tgt $15
    
  • Sally Beauty Holdings (SBH) downgraded to Hold from Buy at Jefferies, tgt $16
    
  • South Bow (SOBO) downgraded to Underperform from Peer Perform at Wolfe Research, tgt $24
    
  • Stifel Financial (SF) downgraded to Hold from Buy at TD Cowen, tgt $138
    
  • Tapestry (TPR) downgraded to Hold from Buy at Jefferies, tgt $138
    
  • Vulcan Materials (VMC) downgraded to Neutral from Buy at DA Davidson, tgt $330
    
  • V2X (VVX) downgraded to Hold from Buy at Truist, tgt $65
    
  • Volaris (VLRS) downgraded to Neutral from Overweight at JPMorgan, tgt $11
    
  • Warner Bros. Discovery (WBD) downgraded to Neutral from Buy at Guggenheim, tgt $30
• Others:
  • AppLovin (APP) initiated with an Outperform at Evercore ISI, tgt $835
    
  • Bank of America (BAC) initiated with an Outperform at CICC, tgt $62
    
  • Bath & Body Works (BBWI) assumed with a Hold at Jefferies, tgt $24
    
  • Citi (C) initiated with an Outperform at CICC, tgt $138
    
  • Coty (COTY) assumed with a Hold at Jefferies, tgt $3.50
    
  • Capri Holdings (CPRI) assumed with a Hold at Jefferies, tgt $24
    
  • Deckers Outdoor (DECK) assumed with a Hold at Jefferies, tgt $102
    
  • Estée Lauder (EL) assumed with a Hold at Jefferies, tgt $110
    
  • e.l.f. Beauty (ELF) assumed with a Buy at Jefferies, tgt $110
    
  • Global Payments (GPN) initiated with a Hold at Deutsche Bank, tgt $80
    
  • Hyatt Hotels (H) reinstated with a Buy at Goldman, tgt $198
    
  • HSBC Holdings (HSBC) resumed with an Equal Weight at Morgan Stanley
    
  • Inter Parfums (IPAR) assumed with a Buy at Jefferies, tgt $112
    
  • JPMorgan (JPM) initiated with an Outperform at CICC, tgt $355
    
  • KLA Corp. (KLAC) initiated with an Outperform at Bernstein, tgt $1,700
    
  • Kohl's (KSS) assumed with a Hold at Jefferies, tgt $22
    
  • LuxExperience (LUXE) assumed with a Hold at Jefferies, tgt $9
    
  • Macy's (M) assumed with a Buy at Jefferies, tgt $27
    
  • Olaplex (OLPX) assumed with a Hold at Jefferies, tgt $1.50
    
  • PVH Corp. (PVH) assumed with a Buy at Jefferies, tgt $85
    
  • Ralph Lauren (RL) assumed with a Buy at Jefferies, tgt $425
    
  • Reckitt Benckiser (RBGLY) reinstated with a Buy at Citigroup
    
  • Snap (SNAP) initiated with an Underperform at BNP Paribas, tgt $8
    
  • Uber (UBER) initiated with an Outperform at BNP Paribas, tgt $108
    
  • Ulta Beauty (ULTA) assumed with a Hold at Jefferies, tgt $700
    
  • VF Corp. (VFC) assumed with a Hold at Jefferies, tgt $18
    
  • Waldencast (WALD) assumed with a Buy at Jefferies ,tgt $2
    
  • Wells Fargo (WFC) initiated with a Market Perform at CICC, tgt $96

• Econ Data (Thursday):
  • 8:30 ET: Weekly Initial Claims (Briefing.com consensus 210,000; prior 208,000), Continuing Claims (prior 1.914 mln), January Philadelphia Fed survey (Briefing.com consensus -5.0; prior -10.2), January Empire State Manufacturing survey (Briefing.com consensus 1.0; prior -3.9), and November Import/Export prices
  • 10:30 ET: Weekly natural gas inventories (prior -119 bcf)
  • 16:00 ET: November Net Long-Term TIC Flows (prior $17.5 bln)

• Earnings:
  • Monday (Jan 12)
    • Pre-Market: None
    • After-Hours: None
      
    Tuesday (Jan 13)
    • Pre-Market: BK CNXC DAL JPM
    • After-Hours: PXED
  • Wednesday (Jan 14)
    • Pre-Market: BAC C UCB WFC
      
    • After-Hours: FUL HOMB
  • Thursday (Jan 15)
    • Pre-Market: BLK FHN GS IIIN TSM MS
    • After-Hours: JBHT
  • Friday (Jan 16)
    • Pre-Market: MTB PNC RF STT
    • After-Hours: BOKF