OptionsHouse

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

Futures decline with global markets

April 17, 2015

U.S. equity futures are lower this morning, continuing the market's negative reversal in the last 90 minutes of yesterday's session.

SPX

Inflation, consumer data on deck

April 17, 2015

Inflation data, consumer sentiment, and earnings reports dominate today's calendar. GE, Honeywell, Seagate Technology, Comerica, and Reynolds American will issue results.

SPX

Futures pull back after strong rally

April 16, 2015

S&P 500 and Nasdaq futures are down about 0.3 percent. Europe is lower across the board, led by a 1.5 percent drop in Germany, but Asia was up overnight with a 2.7 rally in Shanghai.

SPX

Housing data, bank earnings due

April 16, 2015

Goldman Sachs and Citigroup lead the pre-market earnings lineup. On the economic front, housing starts, building permits, and initial jobless claims are all due at 8:30 a.m. ET.

SPX

Stocks higher after ECB statement

April 15, 2015

S&P 500 futures are up 0.25 percent, and markets are up about half a percent across the Atlantic after the European Central Bank issued its monetary-policy statement as expected.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Education & Strategy

Investor deficiency in premium collection

Most investors have heard about selling options as a form of income generation. You hear it from brokers and financial advisors as a way to generate income without selling off pieces of your nest egg, dwindling through your retirement accounts, and then being stuck figuring out how to financially afford the rest of your life...

View more education articles »