tradeMONSTER: Trade free for 90 days

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

Cramer: Tune out Fed naysayers

December 19, 2014

When we have inflation, the data-dependent Fed will switch. Until then, what's the point? Promote havoc? Slow down growth to make it so the hiring binge is over?

SPX

Stocks inch higher following rallies

December 19, 2014

S&P 500 futures are up 0.2 percent but below their highs earlier in the morning. Asia surged overnight, led by gains of about 2 percent in Tokyo and Shanghai. Oil is holding its ground as well.

SPX

Earnings reports fill quiet calendar

December 19, 2014

The only items today are quarterly results from CarMax, Carnival, and BlackBerry. Several events are packed into Tuesday and Wednesday because of next week's Christmas holiday.

SPX

Stocks rally again on Europe, oil

December 18, 2014

S&P 500 futures are up more than 1 percent, while most European indexes are gaining 2 percent. Asia was mostly higher overnight, led by a 2 percent gain in Tokyo.

SPX

Jobless claims, Philly Fed on tap

December 18, 2014

Today's economic calendar features initial jobless claims and the Philadelphia Federal Reserve's regional-activity index.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER