Pessimism continues to prevail. In turn, the major equity averages settled with various losses in the latest round of trade.
After the close, GET, M, PLL, STEI, THO, and UHAL are the most notable name
scheduled to report earnings results.
In other news, Texas Instruments (TXN) lowers earnings guidance to $0.51-0.55
versus $0.58 Capital IQ Consensus Estimate, from $0.52-0.60 and lowered its
revenue guidance to $3.36-3.50 bln versus $3.55 bln Capital IQ Consensus
Estimate, from $3.41-3.69 bln.
Futures are lower after hours: S&P 500 futures are -1.62 from fair value of 1278.82 and Nasdaq100 futures -3.79 from fair value of 2252.79.
Tomorrow morning before the open, two economic reports are scheduled to be released: Initial claims (Consensus 423K) and continuing claims (Consensus 3688K) and 2) Trade balance (Consensus -$48.7 bln).
Tomorrow before the open look for the following companies to report: BF.B, SJM, GAGA, TITN, and MTN.






