Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 16, 2012  Fri 7:08 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are continuing lower today as public-sector uncertainty continues to sap confidence.

Futures on the S&P 500 are down by more than one-tenth of a percent, following losses of about half a percent in Europe. The index has slid 6 percent slide over the last month and is now decidedly below its key 200-day moving average for the first time since December.

While signs of recession have worried investors, the main drivers are in the political realm as politicians in Europe and the United States fail to reach decisive solutions to runaway public-sector spending. Mounting violence in the Middle East is also hurting sentiment.

Japan is also in the midst of a major political upheaval after its prime minister dissolved parliament. That caused the Nikkei index to rally more than 2 percent on hopes that the new government will increase stimulus measures.

Foreign-exchange and commodity markets are reflecting a cautious tone. Currencies associated with risk, such as the euro and Australian dollar, are lower, while the Japanese yen is climbing. Energy futures are mixed, but copper, metals and most agricultural foodstuffs are down.

Several companies are moving in pre-market trading. Gap raised guidance and Aruba Networks beat expectations, sending both stocks up by about 4 percent. China Internet stock Sina fell on a weak set of numbers, and casino operator Penn National Gaming surged more than 20 percent after announcing that it would become a real-estate investment trust to avoid paying taxes.
Share this article with your friends


Related Stories

SPX

Cramer: Answering all the critics

October 24, 2014

Wednesday's session was infuriating. The moment this market went down big, it was a terrific opportunity to buy. But so many people offered excuses not to.

SPX

Futures pause after sharp rebound

October 24, 2014

U.S. equity futures are pointing to a lower open this morning after stocks rallied sharply yesterday, recovering losses from the previous session.

SPX

Earnings, housing data top docket

October 24, 2014

The earnings parade will continue to dominate the agenda today. New home sales at 10 a.m. ET are the only economic data scheduled for release.

SPX

Strong earnings push futures higher

October 23, 2014

Caterpillar is up more than 4 percent after blowing out estimates. General Motors, 3M, Southwest Airlines, Comcast, and Eli Lilly are higher as well.

SPX

Jobless claims, earnings top docket

October 23, 2014

Jobless claims will be reported at 8:30 a.m. ET. The pre-market earnings lineup includes General Motors, 3M, Eli Lilly, Union Pacific, Celgene, Comcast, American Airlines, and Under Armour.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER