Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 23, 2012  Tue 7:01 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are falling this morning as earnings weaken and confidence sours in Europe.

S&P 500 futures are down more than 1 percent, following declines of a similar magnitude in France and Germany. Asian markets were mixed overnight.

Today's drop comes after the S&P 500 rebounded from a sharp selloff in yesterday's session as investors face a flow of negative headlines: Moody's downgraded five of Spain's regional governments, French manufacturing sentiment dropped to its lowest level in more than two years, and earnings reports have continued to paint a picture of weakening performance.

The tone has been especially negative in technology, punctuated yesterday afternoon when chip maker Texas Instruments and hard-drive manufacturer Western Digital issued disappointing guidance. This morning chemicals giant DuPont is down by more than 5 percent after earnings missed consensus estimates and outlook trailed expectations. Industrial conglomerate 3M also lowered its projections.

Currencies and foreign-exchange markets are showing risk aversion, with oil, copper, and silver all down more than 1 percent. Agricultural foodstuffs are mostly negative as well. The euro, Australian dollar and Canadian dollar are all down against the U.S. dollar, while the Japanese yen is up across the board.
Share this article with your friends


Related Stories

SPX

Stocks continue retreat from highs

July 31, 2014

S&P 500 futures are down 0.6 percent. Europe is down across the board, led by a 2 percent selloff in Madrid. Asia was mixed overnight.

SPX

Jobless claims, Exxon results due

July 31, 2014

Initial jobless claims and Exxon Mobil's earnings are the main events on today's calendar. Economists forecast that 310,000 Americans sought unemployment benefits for the first time.

SPX

Stocks rally on strong GDP growth

July 30, 2014

S&P 500 futures accelerate to the upside after second-quarter economic growth and ADP's payroll report beat estimates.

SPX

GDP, Fed, job data lead calendar

July 30, 2014

ADP's private-sector payrolls report for July gets the ball rolling at 8:15 a.m. ET, followed 15 minutes later by second-quarter GDP. The Fed announces its monetary policy at 2 p.m. ET.

SPX

Stocks inch higher ahead of data

July 29, 2014

S&P 500 futures are up more than 0.1 percent, and the Nasdaq is higher by almost 0.2 percent. Europe shows gains of about 0.5 percent, similar to those in Asian markets overnight.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER