OptionsHouse

Options Trading News

November 13, 2012  Tue 7:09 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are falling this morning as investors focus on fiscal problems in the United States and Europe.

S&P 500 futures are down by about 0.4 percent, compared with losses of more than half a percent across the Atlantic. Most indexes were also lower in Asia during the overnight session.

Today's moves come amid a paucity of news as attention returns to worrying about the U.S. "fiscal cliff," which threatens to raise taxes and lower spending, and Greece's near-insoluble debt crisis. The only headline today, Germany's ZEW survey of economic sentiment, came in much weaker than expected--the latest in a string of poor data from Europe's biggest economy.

The only other report today was October's NFIB Survey of Small Business Optimism for the U.S. It showed improvement to a 93.1 from 92.8 the previous month but generally has little impact on broader sentiment.

Foreign exchange and commodities are signaling a modest sense of caution as well. The euro is edging lower against the greenback, as are economically sensitive currencies such as the Australian and Canadian dollars.

Copper and oil, which also tend to follow sentiment, are posting small losses as well, while silver and platinum are gaining. Gold is little-changed, and most agricultural foodstuffs are slightly higher.

In company-specific news, Home Depot is higher by almost 3 percent after third-quarter earnings beat expectations and management raised guidance amid a stronger housing market. Dick's Sporting Goods also rose after profit and revenue beat expectations. Later this morning, retailer TJX will report results, followed by technology giant Cisco Systems after the close.
Share this article with your friends


Related Stories

SPX

Stocks keep falling after GDP miss

January 30, 2015

S&P 500 futures are down 0.7 percent, while European indexes are fractionally lower. Asia closed mostly lower, led by drops of 1.5 percent to 2 percent in Mumbai and Shanghai.

SPX

GDP, MasterCard on busy calendar

January 30, 2015

The gross domestic product report, due at 8:30 a.m. ET, is especially important because it's the first estimate for the final three months of 2014.

SPX

Stocks trying to recover from selloff

January 29, 2015

S&P 500 futures were up 0.5 percent but are now up just slightly. Europe has also surrendered earlier gains. Japan and China both fell more than 1 percent overnight.

SPX

Jobless claims, earnings on docket

January 29, 2015

Initial unemployment filings, the first item on this side of the Atlantic, are expected to show a reading of 301,000, compared with 307,000 in the previous period.

SPX

Stocks rally on earnings before Fed

January 28, 2015

S&P 500 futures are up 0.4 percent, while strong earnings from Apple have lifted the Nasdaq 100 more than 1 percent. European indexes are modestly lower, and Asia was little-changed overnight.

Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »