Stocks settled in relatively mixed fashion after failing to extend an early advance through initial resistance levels. After the close, S&P downgraded several banks.
After the close, OVTI and UTI were notable names to report quarterly results.
Futures are lower after hours: S&P 500 futures are -4.9 from fair value of 1194, while Nasdaq100 futures are -9.0 from fair value of 2211.
Tomorrow morning before the open, five economic reports are scheduled be released: 1) MBA Mortgage Index (Consensus N/A); 2) Challenger Job Cuts (Consensus N/A); 3) ADP Employment Change (Consensus 125K); 4) Productivity - Revised (Consensus 2.6%); and 5) Unit Labor Cost (Consensus -2.1%).
Tomorrow before the open look for earnings reports from AEO, CIS, JOSB, SDRL, TFM, and UNFI.






