Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 22, 2013  Fri 7:12 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are rebounding today as money continues trickling into the market.

S&P 500 futures are up by about one-quarter of a percent, while Europe is little-changed after fighting back from earlier losses. Asian bourses were mostly lower, led by a 2 percent drop in Tokyo, following yesterday's decline in U.S. equities.

The S&P 500 climbed steadily for four months and is now within about 2 percentage points of its previous all-time highs from 2007. The rally has been marked by extremely low volatility as money flows into the market after years of nervousness. It's also been aided by favorable economic news and strong earnings.

Attention has recently focused on the potential risks of banking crisis in Cyprus, which has caused indexes to pause in the last week. European Union officials have given the country until Monday to raise 5.8 billion euros needed to secure a10 billion-euro rescue from other European countries and the International Monetary Fund.

Commodities and currencies are also painting a mostly bullish picture this morning. Oil is posting a small gain while copper is higher by almost a full percentage point. Precious metals are lower, while agricultural foodstuffs are mixed. The euro is rallying against the U.S. dollar, while the Japanese yen is mostly lower.

In company-specific news, Nike is indicated to open higher by 8 percent after a strong earnings report last night. Memory-chip maker Micron is climbing after revenue beat expectations and management said demand is improving. (See related story)

Salesforce.com is also up after announcing a 4-for-1 stock split. Tibco Software, however, is down on a weak top-line number.
Share this article with your friends


Related Stories

SPX

Durable goods, jobless data on tap

April 24, 2014

The earnings calendar is heavy as well, with results from Caterpillar, GM, UPS, Verizon, Eli Lilly, Freeport-McMoRan, PulteGroup, D.R. Horton, Starwood, and American Airlines.

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

SPX

Flood of earnings leads calendar

April 22, 2014

McDonald's, Travelers, United Technologies, Xerox, Lockheed Martin, Lexmark, AK Steel, and Arch Coal announce quarterly results before the opening bell.

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER