Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 23, 2013  Fri 7:15 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. stock futures are fractionally higher this morning after the market rebounded on a strange day that saw the Nasdaq exchange halt trading for three hours because of technical problems.

S&P 500 and Nasdaq 100 futures are both positive pre-market trading, gradually improving in the last hour. The indexes closed yesterday with healthy gains of 0.86 percent and 0.99 percent respectively despite the NDX outage, which has yet to be explained.  

European equities are mixed after rallying yesterday on strong PMI numbers in the region. The U.K. FTSE is up about 0.5 percent, while the German DAX and France's CAC are roughly flat.

Asian markets were mixed as well overnight, but by far larger percentage differences. Japan's Nikkei soared 2.2 percent, while Hong Kong's Hang Seng and the Shanghai Composite reversed earlier gains to finish lower by 0.15 percent and 0.47 percent respectively.

Commodities are showing only fractional changes this morning. Crude oil has been fluctuating on either side of the $105 level, while the spot price of copper is positive for the second day in a row. Silver is lower by 0.35 percent and gold by 0.2 percent.

The U.S. dollar higher against most other major currencies, including the Japanese yen. A lower yen is usually bullish for equities.

There is only one economic release scheduled for today, new-home sales for July at 10 a.m. ET, with a consensus forecast of 487,000. Attention will also be focused on Federal Reserve Vice Chair Janet Yellen, who will be moderating panel discussions at the central bank's annual meeting in Jackson Hole, Wyoming.

In corporate earnings, Foot Locker is up modestly after releasing quarterly numbers this morning. Other companies scheduled to report today are apparel company Ann, closeout retailer Big Lots, and sporting-goods chain Hibbett Sports.

Teen retailer Aeropostale is falling nearly 14 percent after reporting weak numbers and guidance after yesterday's close. Online-radio service Pandora is down almost 7 percent.
Share this article with your friends


Related Stories

SPX

When rolling makes good sense

September 1, 2014

Unlike most other things that expire, option positions can be rolled to different time frames or strikes to adjust a trade. Here's why that is often worth considering.

SPX

Stocks drift higher into long weekend

August 29, 2014

S&P 500 futures are up about 0.25 percent and back near their highs from earlier in the week. European markets are fractionally higher, and Asia was mostly positive overnight.

SPX

Chicago PMI on tap before holiday

August 29, 2014

Today's agenda brings a handful of reports, but trading will probably be light ahead of the Labor Day weekend. Data on personal income and consumer sentiment will accompany the Chicago reading.

SPX

Stocks pull back on Ukraine worries

August 28, 2014

The decline follows news late yesterday that Russian armored troops had entered Ukraine and were fighting in support of pro-Moscow rebels.

SPX

Revised GDP dominates calendar

August 28, 2014

The Commerce Department will report the second-quarter data at 8:30 a.m. ET. Economists forecast a GDP increase of 4 percent, equal to the preliminary estimate at the end of July.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER