Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (GIS)/1.08

After the Close: 

• (FDX)/3.72
• (KBH)/1.43
  

Economic Releases  

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -718,170 barrels versus a +3,955,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +667,500 barrels versus a +5,561,000 barrel gain the prior week. Distillate inventories are estimated to rise by +177,670 barrels versus a +3,931,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.7% versus a +.6% gain prior.
  

2:00 pm EST

• The FOMC is expected to leave the benchmark Fed Funds Rate at 5.25-5.5%.
  

Upcoming Splits 

• (NVO) 2-for-1
  

Other Potential Market Movers

• The Fed Press Conference, PBOC rate decision, weekly MBA Mortgage Applications report, DA Davidson Industrials/Services Conference, Wells Fargo Consumer Conference, (BSX) investor day and the (CRWD) investor briefing could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST