Before the release of FOMC minutes, S&P 500 futures were trading at 1336.75, up 1.25 points, DOW Jones Industrial Average futures fell 22 points to 12563.00 and NASDAQ futures fell 11.75 points to 2566.25.
Crude inventories came in weak, causing a rise in WTI crude futures of $1.41 to $85.32. Gold futures fell $3.20 to $1576.60.
Oil stocks followed crude’s gains with Chevron Corp. gaining 1.08% and Exxon Mobil Corp up .79%.
HHGregg (HGG) shares tumbled over 38% after poor guidance. Best Buy Co. Inc. (BBY) also fell over 6%.
Abercrombie & Fitch (ANF) gained over 7.5% after announcing a share buyback.
The hotel giant Marriott International (MAR) is set to release Q2 earnings today after the close.
VeriFone Systems Inc. (PAY) gained 9.87% after sealing a deal to process payments for Washington D.C. taxis.
OCZ Technology Group Inc. (OCZ) fell 19% after posting slower growth than analysts’ expectations.
David Cornes holds a degree in eonomics from the University of Montana.