tradeMONSTER: Trade free for 90 days

Options Trading News

December 28, 2012  Fri 7:17 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are indicated to open lower today amid ongoing uncertainty about U.S. fiscal policy.

S&P 500 futures are down by about 0.5 percent. European indexes have been falling throughout the morning and are now down by 0.5 percent to 1 percent. Most Asian markets were positive overnight, led by a gain of more than 1 percent in Shanghai.

The SPX remains in the middle of its recent range, shifting day to day between optimism toward the economy and worries about the political situation in Washington. Lawmakers and the White House must take action to prevent painful tax increases and spending cuts at yearend.

So far there has been little sign of meaningful progress, though stocks rallied back from a 1.3 percent decline yesterday on news that the House will meet Sunday night to address the so-called fiscal cliff.

Foreign-exchange trading is also painting a negative picture, with the euro down across the board. Commodities are mostly bearish as well, with copper, gold, and silver slightly lower. Natural gas is falling by more than 1 percent, while grains are up by 0.25 percent to 0.5 percent.

There are also economic reports scheduled for today: At 9:45 a.m. ET, the Chicago Federal Reserve will release its purchasing managers index of regional activity, followed by November pending home sales 15 minutes later. Neither of the reports is likely to have a major impact on sentiment, so expectations about the course of events in Washington will probably remain the key focus.
Share this article with your friends


Related Stories

SPX

Stocks try to rebound before Fed

December 17, 2014

S&P 500 futures are up about 0.4 a percent, despite losses of about 1 percent in Europe. Asia was modestly higher overnight, and oil continues to decline.

SPX

Last Fed meeting of year on tap

December 17, 2014

Weekly mortgage applications will be the main item in the United States at 7 a.m. ET. One big catalyst could be a parliamentary vote in Greece.

SPX

Stocks down as oil keeps falling

December 16, 2014

S&P 500 futures are down 0.6 percent, while the declines in Europe approach 1 percent. Asia was mixed overnight, with Tokyo and Mumbai retreating 2 percent and Shanghai rallying 2 percent.

SPX

Housing starts, permits on agenda

December 16, 2014

Economists expect housing starts of 1.035 million on an annualized basis in November. Permits are seen coming in at a 1.06 million pace.

SPX

Stocks try to rebound from ugly week

December 15, 2014

S&P 500 futures are up about half a percent, following similar gains in Europe and moves in oil prices. Tokyo fell more than 1 percent despite Prime Minister Shinzo Abe winning a key vote.

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

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