Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 12, 2012  Fri 7:09 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. stock futures are higher this morning after JP Morgan reported positive earnings results while  investors anticipate strong consumer sentiment.

The S&P 500 is indicated to open higher by about 0.4 percent after an unchanged session yesterday. European shares edged lower while Asian indexes were higher in the overnight session.

Most overseas markets moved by less than half a percent. Shanghai was the strongest, climbing two-thirds of 1 percent, after China and Japan agreed to hold talks over a territorial dispute that was undermining trade and confidence in the region.

The big news this morning comes from JP Morgan and Wells Fargo. JPM already issued better-than-expected earnings and revenue, fueled by healthy mortgage lending. WFC released its results minutes ago and appears to have beaten earnings estimates but missed revenue forecasts.

At 9:55 a.m. ET, the University of Michigan is expected to report that its index of consumer confidence rose to 80 from 78.3.

Foreign exchange and commodities are painting a mixed picture. The euro rallied more than one-third of a percent, while the Japanese yen is modestly weaker. Currencies associated with global growth, namely the Canadian and Australian dollars, were little changed.

Oil is fractionally higher, but most other commodities are negative. Silver and copper fell by more than half a percent. Gold is slightly negative, and agricultural foodstuffs are generally lower.

In company-specific news, Advanced Micro Devices is likely to trade lower after weak computer demand caused the chip maker to issue weak preliminary sales figures for the third quarter. J.B. Hunt Transport Services rose in after-hours trading yesterday after its revenue beat expectations.

Outsourcing company Infosys also fell after providing a disappointing growth outlook to investors. JPM also climbed more than 1 percent on its strong quarterly report.
Share this article with your friends


Related Stories

SPX

Stocks drift before Thanksgiving

November 26, 2014

S&P 500 futures are up less than 0.1 percent in what will likely be light trading on Thanksgiving eve. Europe is fractionally higher, while China rallied overnight.

SPX

Busy agenda before Thanksgiving

November 26, 2014

Today's agenda is busy, with some items moved forward because of the Thanksgiving holiday tomorrow and the half-day session on Friday.

SPX

Europe leads gains before key data

November 25, 2014

S&P 500 futures are up about 0.1 percent, while stocks higher by 0.5 percent to 1 percent across the Atlantic. Attention now turns to revised GDP numbers and consumer confidence.

SPX

GDP, consumer data top agenda

November 25, 2014

Gross domestic product and consumer confidence are the main items on today's economic calendar. The Commerce Department will also announce revised estimates for third-quarter GDP.

SPX

Stocks rally as holiday week starts

November 24, 2014

S&P 500 futures are up 0.2 percent, although buying momentum appears to be shifting overseas. Europe is posting higher gains, as did many Asian markets overnight.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar Series

Using Options for Income

Education & Strategy

Importance of learning the basics

Personally, I could never understand how so many option instructors start teaching strategies before explaining what an option is. I...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER