Crude Inventories for the week of September 5 Crude oil inventories 972K draw vs. consensus of 1.5M draw. Gasoline inventories 2.38M build vs. consensus of flat. Distillates 4.1M build vs. consensus of 1.0M build.
U.S. Wholesale Trade Preview U.S. Wholesale Trade Preview: July wholesale trade data may reveal a 1.0% (median 0.6%) gain for sales following a 0.2% increase in June. Inventories are expected to be up 0.6% following a 0.3% increase in June. Data in line with this forecast would leave the I/S ratio holding steady for a third month at 1.17.
Market has relatively quiet open Stock futures traded near fair value throughout the pre-market trading session, leading to a quiet open for the broader market. Much of the morning commentary surrounded yesterday's launches from Apple (AAPL) and how its products will affect suppliers and competitors. The market, which is currently on a three day losing streak, will hope to bounce back from yesterday’s sell-off. In early trading, the Dow is up 6 points, the Nasdaq is up 9 points and the S&P is little changed.