Futures Lower This Morning February 2

February 2, 2016

In After Hours Trading

IPOs on deck today Advanced Inhalation Therapeutics (AITPU), BeiGene (BGNE) and Hortonworks (HDP). Secondaries on deck TODAY ACC.In After Hours Trading: AFL +.08 GOOGL +.58 HAIN +.03 MAT +.06 PLT +.07 TSO -.24.

What's Happening This Morning

U.S. futures: S&P -14.50, Dow Jones -116, NDX -34.50 and Russell 2000 -9.10 with fair value higher. Asia lower ex China that rose by 2.08% and Europe lower.Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.93% yield +2, one month change -35 and +26 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities Technology Services Healthcare.

Weak Sectors Basic Materials and Industrials.

One month winners Utilities.

Three Month Winners none of note.

Six Month Winners Utilities.

One Year Winners Technology.

Year To Date Utilities.

Earnings Expected

Earnings due after the close (by avg. trade volume):GILD EQR YHOO ILMN FISV EW VMG KIM UDR.Due Wednesday morning (by avg. trade volume descending): MRK CMCSA MDLZ GM SO ADP ABB ALXN BDX EXC ETN MPC BEN.

Rags & Mags: Inside Wall Street

USA Today: What a Cruz victory means. Groundhog fails to see shadow, early spring. Clinton claims narrow victory over Sanders. February will not rescue stocks says history. Oils is sliding lower again so stocks sliding lower.Bloomberg: BP sees profits collapse. Euro area unemployment falls to a five year low. Auto sales due today.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AXE +.12 BAX +.11 DOW +.23 EMR +.05 HRS +.13 HW +.10 LAZ +.05 KORS +.13 UPS +.15 WDR +.02.
Current Morning missing: XOM IMO RCL.