Learn the trade here. Make it on tradeMONSTER

Options Trading News

June 1, 2012  Fri 7:15 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Global equity indexes are mostly lower after disappointing manufacturing data from Europe and China as U.S. traders await monthly non-farm payroll data at 8:30 a.m. ET.

The June S&P 500 futures are down 15.50 points, or 1.18 percent, to 1292.75 as of this writing. The Nasdaq 100 contracts are lower by 28 points, or 1.11 percent, to 2496. Risk off appears to be the theme across many assets this morning.

European indexes reversed earlier gains as emerging markets fell more than 1 percent on global slowdown fears. The German DAX is seeing the worst of the selling, down 2.49 percent, while the Euro STOXX 50 is lower by 1.55 percent.

Most Asian indexes declined as well, led by a 1.2 percent drop in Japan's Nikkei 225. Hong Kong's Hang Seng fell 0.38 percent, but the Shanghai Composite gained 0.05 percent as hopes rose for economic stimulus after China's latest manufacturing data came in lower than expected.

Copper weakness once again foreshadowed the continued selloff. Key support at 3.40 gave way earlier in the week, and now the metal is down 1.26 percent to 3.235.

Euro/dollar futures are lower once again at 1.2323 down 0.36 percent after falling earlier today to  1.213, a new two-year low.

Crude oil is down 2.37 points, or 2.68 percent, to its lowest level in eight months after posting its largest percentage drop on record for May. Support does not appear until the 82 level.

Spot gold futures are down 12.60 points, or 0.82 percent, to 1551.30. Support remains at the 1550 and 1528 levels. Silver is also lower, by 1.66 percent to 27.295.

In stock-specific news, U.S. banks are mostly lower in pre-market trading. Shares of Freeport-McMoRan are falling under the pressure of weakness in copper and other commodities. Alcoa is down more than 2 percent.
Share this article with your friends


Related Stories

SPX

Stocks remain lower following GDP report

October 30, 2014

S&P 500 futures are down half a percent, following declines in Europe and commodity markets.

SPX

GDP, jobless claims lead agenda

October 30, 2014

Today's big data report is the first estimate for third-quarter gross domestic product at 8:30 a.m. ET. Economists expect growth of 3 percent.

SPX

Futures lower before Fed report

October 29, 2014

U.S. equity futures are pointing to a slightly lower open ahead of the Federal Reserve's policy announcement this afternoon.

SPX

Federal Reserve dominates docket

October 29, 2014

Traders will be focused on the Federal Reserve's policy announcement today at 2 p.m. ET. Goodyear Tire & Rubber, Hershey Foods, SunPower, and Eaton report earnings in the morning.

SPX

Futures higher ahead of key data

October 28, 2014

U.S. equity futures indicating a higher open this morning amid a floor of earnings reports and ahead of key economic headlines this week.

Premium Services

Archived Webinar

Make Money in a Volatile Market

Education & Strategy

Anatomy of a butterfly

One of the many esoterically named option strategies is known as a "butterfly." But don't be fooled: Like other advanced...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER