Market Insights / Don's Notebook

Don’s Notebook February 7, 2018

By Don Pratl

U.S. stock index futures dropped overnight, pulling back from the closing prices yesterday when the DJIA closed up 567 points following two previous selloffs this week.

The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S.

  • Oil inventories have been on a yearlong decline and another dip in today’s report would highlight tightening supply, a trend that has been giving oil prices a lift.
  • The level of inventories are key determination of prices for petroleum products.

VIX Index jumped higher in previous sessions, forcing some products linked to the index to shut down.

Corporate Earnings announcements today include: GlaxoSmithKline, Humana, Michael Kors Holdings, O’Reilly Automotive, Suncor Energy and 21st Century Fox.

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