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

Cramer: Answering all the critics

October 24, 2014

Wednesday's session was infuriating. The moment this market went down big, it was a terrific opportunity to buy. But so many people offered excuses not to.

SPX

Futures pause after sharp rebound

October 24, 2014

U.S. equity futures are pointing to a lower open this morning after stocks rallied sharply yesterday, recovering losses from the previous session.

SPX

Earnings, housing data top docket

October 24, 2014

The earnings parade will continue to dominate the agenda today. New home sales at 10 a.m. ET are the only economic data scheduled for release.

SPX

Strong earnings push futures higher

October 23, 2014

Caterpillar is up more than 4 percent after blowing out estimates. General Motors, 3M, Southwest Airlines, Comcast, and Eli Lilly are higher as well.

SPX

Jobless claims, earnings top docket

October 23, 2014

Jobless claims will be reported at 8:30 a.m. ET. The pre-market earnings lineup includes General Motors, 3M, Eli Lilly, Union Pacific, Celgene, Comcast, American Airlines, and Under Armour.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER