Tuesday, December 31, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • None of note
After the Close: 
  • (RGP)/.00
Economic Releases

8:30 am EST

  • Initial Jobless Claims for last week is estimated to rise to 221K versus 219K the prior week.
  • Continuing Claims is estimated to fall to 1890K versus 1910K prior.

10:00 am EST

  • Construction Spending MoM for Nov. is estimated to rise +.3% versus a +.4% gain in Oct.

11:00 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,488,400 barrels versus a -4,237,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +356,200 barrels versus a +1,630,000 barrel gain the prior week. Distillate inventories are estimated to fall by -594,6000 barrels versus a -1,694,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall -.3% versus a +.7% gain prior.

Upcoming Splits

  • (MTH) 2-for-1
  • (CVLG) 2-for-1
Other Potential Market Movers
  • The Atlanta Fed GDPNow Q4 update, weekly Fed balance sheet report, weekly MBA mortgage applications report and the weekly EIA natural gas inventory report could also impact global trading on Thursday.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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