Learn the trade here. Make it on tradeMONSTER

Options Trading News

April 10, 2013  Wed 7:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are climbing again today as positive economic data keeps the bullish momentum intact.

S&P 500 futures are up about one-third of a percent, while most European indexes are higher by about 1 percent. Asian stocks were mostly higher overnight.

China reported a surprise trade deficit in March as imports surged 14 percent, stunning economists who had expected a surplus. Investors like the news, viewing it as evidence that consumer spending is finally starting to accelerate in the world's most populous country. French industrial production also beat forecasts.

There are few important data points in the United States today, although the Federal Reserve will release minutes from its last meeting at 2 p.m. ET. Attention turns to the consumer in the next two sessions, with same-store sales, retail data, and sentiment on the calendar.

The S&P 500 closed near its 52-week high yesterday and remains less than 1 percent below its all-time peak from 2007. Other key indexes have already broken out into record territory, and pullbacks have been shallow all year. The key question now facing traders is whether to put capital to work at these levels or to hope for better prices.

Currencies are modestly bullish today, though the picture is less clear for commodities. The euro, Canadian dollar, and Australian dollar are all higher against the greenback, while the Japanese yen is down across the board. Energy and metals are lower, with the exception of a 1 percent gain for natural gas.

In company-specific news, Family Dollar is down about 4 percent after profit missed forecasts and management predicted weak comparable-store sales. Realogy is down 7 percent after issuing a weak preliminary revenue number and announcing that controlling investors will sell shares.
Share this article with your friends


Related Stories

SPX

Earnings continue to lead agenda

October 20, 2014

Halliburton, VF Corporation, Valeant Pharmaceuticals, and Peabody Energy report this morning. Apple, IBM, and Texas Instruments follow in the afternoon.

SPX

Stocks rebound after halting selloff

October 17, 2014

S&P 500 futures are up about 1 percent, and European indexes are higher by 1 to 2 percentage points. Most Asian markets fell overnight as bearishness from the recent selloff lingered. Oil's rebound continues.

SPX

GE earnings, housing data on tap

October 17, 2014

The Commerce Department will release September housing starts and building permits, and the University of Michigan will report its consumer-sentiment index.

SPX

Stock futures fall as bears return

October 16, 2014

S&P 500 futures are down about 1.3 percent. The bloodletting is even worse across the Atlantic, with losses ranging from 1.9 percent in Frankfurt to almost 4 percent in Madrid.

SPX

Jobless claims, earnings on agenda

October 16, 2014

Earnings before the opening bell include reports from Goldman Sachs, UnitedHealth, Delta Air Lines, Blackstone, Baxter, and Baker Hughes. Initial jobless claims also come out at 8:30 a.m. ET.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Analyzing a bipolar market

Economics hinges on the tenet that people, including investors and traders, act rationally and in their own best interests. But...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER