Learn the trade here. Make it on tradeMONSTER

Options Trading News

September 20, 2013  Fri 7:11 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are little-changed today as they consolidate from Wednesday's big rally.

S&P 500 futures are down fractionally, following similar moves in Europe. Asia was mixed in the overnight session after equities posted a modest drop.

The S&P 500 ripped to an all-time high earlier this week after the Federal Reserve stunned markets by keeping bond purchases in place. While the move is intended to keep interest rates lower, bond yields rebounded yesterday and are inching higher again today.

There are no economic releases on the calendar today, but attention might focus on speeches by several Fed members in the afternoon: Esther George of the Kansas City Fed at 12:30 p.m. ET, Daniel Tarullo of the central bank's Board of Governors at 12:40 p.m. ET, and James Bullard of the St. Louis Fed at 12:55 p.m. ET.

Price action has increasingly reflected a sense that economic growth will remain strong or accelerate. Our researchLAB market scanner shows that materials, industrials, and transports have outperformed the broader market in the last month and the last week. Emerging-market stocks, makers of expensive consumer durables such as washing machines and motor homes, and housing-related names have also been strong.

Next week's economic calendar shifts focus to the housing market, which has remained strong despite higher borrowing costs.

Currencies offer little clue on direction, with the euro and yen both up slightly. Commodity trading is cautious, with oil lower and agricultural foodstuffs down across the board. Gold and silver are down 1 percent and 2 percent respectively, retreating from Wednesday's big surge.

Tibco Software is the big mover in company-specific news, climbing 8 percent in early trading after third-quarter profit beat analyst estimates.
Share this article with your friends


Related Stories

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

SPX

Flood of earnings leads calendar

April 22, 2014

McDonald's, Travelers, United Technologies, Xerox, Lockheed Martin, Lexmark, AK Steel, and Arch Coal announce quarterly results before the opening bell.

SPX

Stocks inch higher amid earnings

April 21, 2014

Stocks are inching higher again as investors anticipate a deluge of first-quarter results. S&P 500 and Nasdaq 100 futures are up slightly so far this morning.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER