Stocks had another tough session following a second day where the Chinese market was halted. Chinese officials have removed the circuit breaker restrictions for tomorrow’s session and traders appear to be preparing for a volatile session but it will be interesting to see if allowing the index to freely trade will ultimately help it bottom — even if only for the short-term.
Another session where no Sector saw gains but the relative outperformers were Retail (XRT), which was helped by Wal-Mart (WMT) after gaining 2.3% on the session, and Monday’s leader Utilities (XLU).
Along with what happens overnight in China’s trading, traders will be watching the Jobs data scheduled to be out at 8:30 am ET tomorrow.
Reporting EPS 1/7/16 After the Close:
Reporting EPS 1/8/16 Pre-Market: