tradeMONSTER: Trade free for 90 days

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 rebound before Christmas

December 22, 2014

S&P 500 futures are up 0.2 percent, while most of Europe advanced more than half a percent. Asia was broadly higher overnight, led by gains of more than 1 percent in Mumbai and Hong Kong.

SPX

Handful of events on holiday week

December 22, 2014

The only event scheduled for today is existing home sales for November at 10 a.m. ET. The next two days are more active than usual as the Chrismtmas holiday pushes several events forward.

SPX

Cramer: Tune out Fed naysayers

December 19, 2014

When we have inflation, the data-dependent Fed will switch. Until then, what's the point? Promote havoc? Slow down growth to make it so the hiring binge is over?

SPX

Stocks inch higher following rallies

December 19, 2014

S&P 500 futures are up 0.2 percent but below their highs earlier in the morning. Asia surged overnight, led by gains of about 2 percent in Tokyo and Shanghai. Oil is holding its ground as well.

SPX

Earnings reports fill quiet calendar

December 19, 2014

The only items today are quarterly results from CarMax, Carnival, and BlackBerry. Several events are packed into Tuesday and Wednesday because of next week's Christmas holiday.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER