Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 22, 2014  Wed 7:11 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are little-changed this morning as investors continue to digest corporate results.

S&P 500 futures are off less than 0.1 percent, while Europe is down less than half a percent. Asia was mostly positive overnight, led by a 2 percent rally in Shanghai after China's central bank took steps to prevent a credit crunch.

The S&P 500 fought back from early losses yesterday to close above its key 10-day moving average and remains within striking distance of last week's all-time high. Strength has been broadly dispersed across the market, with no single sector or industry dominating. But in the last week, capital has been gravitating toward aluminum companies, oil tankers, biotechs, and domestic-energy stocks. (See our researchLAB market-analysis tool for more.)

Providers of technology hardware continued the lukewarm trend set by Intel last week: IBM and Xilinx are indicated lower on poor revenue numbers and Advance Micro Devices dropped on weak guidance.

CA, a provider of IT management services, beat expectations and raised its guidance. Light-emitting diode maker Cree is also indicated higher on strong results.

This morning's big names include aerospace companies Textron and United Technologies. Both reported better-than-expected quarterly profit, although UTX's revenue missed consensus. Neither is moving in the pre-market.

Coach is down more than 7 percent on a weak report, continuing the bearish pattern in retail following a highly competitive holiday shopping season. TE Connectivity Solutions, a provider of industrial goods, is indicated higher after beating estimates and raising guidance.

Aside from earnings, there are few other events on the calendar until the Federal Reserve's next meeting on Wednesday, Jan. 29.  

Energy continues to gain as investors price in an improving global economy. Oil is up by more than half a percent and natural gas by more than 2 percent. Gold and silver are modestly higher, and copper is down more than half a percent.

Most currencies are little-changed aside from a big rally in the British pound after a strong jobs report in London.
Share this article with your friends


Related Stories

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.

SPX

Economic surveys lead agenda

November 24, 2014

Germany's Ifo survey of business conditions gets the ball rolling early in the pre-market today. The Chicago Federal Reserve releases its regional activity index at 8:30 a.m. ET.

SPX

Futures spike up on central banks

November 21, 2014

S&P 500 futures are up 0.8 percent, but Europe is leading the charge with a move of more than 2 percent. Central bankers in China and Europe fueled the moves.

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