OptionsHouse

Options Trading News

August 1, 2012  Wed 7:19 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity futures are higher ahead of the Fed meeting announcement this afternoon.

S&P 500 futures are up 3.20 points, or 0.22 percent, to 1377.60 at the time of this writing. The Nasdaq 100 futures are higher by 12.55 points, or 0.46 percent, to 2648.75.

European and Asian indexes are less decisive than their U.S. counterparts. The U.K. FTSE 100 is leading the region with a 0.85 percent gain, but the German DAX lower is off 0.15 percent. Asian indexes closed mixed, with Hong Kong's Hang Seng adding 0.12 percent while Japan's Nikkei 225 lost 0.61 percent.

Commodity prices are getting a boost, as crude-oil futures are up 0.34 percent to 88.37. Spot gold prices are slightly higher by 0.11 percent to 1515.40, but copper is down 0.47 percent to 3.4015 after the 3.41 technical level failed in early morning trading.

Currency markets are largely unchanged ahead of the Federal Open Market Committee announcement at 2:15 p.m. ET, though the euro/dollar is positive by 0.03 percent to 1.2317. U.S. dollar futures are off 0.02 percent to 82.695 after falling as low as 82.54 this morning.

In stock-specific news, Allstate is up about 3.75 percent in pre-market trading after beating second-quarter estimates yesterday evening.

DreamWorks Animation is down more than 7.5 percent after second-quarter results missed analysts estimates last night.

Shares of Apple are higher in the pre-market by about 0.6 percent, or nearly $4 on speculation about new product developments and a possible stock split.
Share this article with your friends


Related Stories

SPX

Stocks fall sharply on poor earnings

January 27, 2015

S&P 500 futures are down 1 percent, while European indexes have fallen 1 to 2 percentage points. Asia was mixed overnight, with Tokyo gaining almost 2 percent and Mumbai up 1 percent.

SPX

Consumer confidence, Apple on tap

January 27, 2015

Durable-goods orders for December get the ball rolling, followed by the Case-Shiller index of home prices, new home sales, and consumer confidence data. Apple reports after the close.

SPX

Stock bulls look past Greek elections

January 26, 2015

S&P 500 is down less than 0.1 percent, but the Nasdaq 100 is slightly positive ahead of earnings from Microsoft and Apple. European indexes have also turned solidly higher.

SPX

Today's agenda is calm before storm

January 26, 2015

Today is the quietest session, featuring only Germany's Ifo index of business confidence. D.R. Horton, Norfolk Southern, Seagate Technology, and Texas Industruments announce quarterly results.

SPX

Cramer: Possible signs of flash crash

January 23, 2015

The insanity and inanity of these market moves wrecks confidence and wants everyone to pay less for stocks--with the exception of the pure domestic plays.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar

Option Money Machine Winter Classic

Education & Strategy

Rolling in possibilities!

First of all, we want to wish everyone a happy, healthy, and prosperous New Year!  Our plan was to get...

View more education articles »