Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 27, 2013  Wed 7:06 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are lower this morning amid ongoing worries in Europe and as the S&P 500 hovers near long-term highs.

Index futures are down almost half a percent and have been weaking in the last hour. Most bourses across the Atlantic are shedding a full percentage point or more. Asian markets were positive in the overnight session following a strong move yesterday in the United States.

While Cyprus is implementing control measures to stabilize its banks, the onerous terms of the arrangement -- confiscating money from large depositors -- are making investors nervous. A poor debt sale and signs of continued political disarray in Italy are qadding to the concerns.

The S&P 500 has spent the last two weeks near its all-time high from October 2007, supported by strong momentum and economic conditions in the U.S. The situation has been weaker in Europe, where the euro has slid steadily since the beginning of February and benchmarks like the CAC-40 and German DAX have been falling since mid-March.

There are no major economic reports or corporate earnings today.

Commodities and currencies are painting a broadly bearish picture as assets associated with risk get sold. The euro continued to fall and is now down to its lowest levels since November. The Canadian dollar and Australian dollar also declined, while the safe-haven Japanese yen is higher across the board. Oil, copper and precious metals are all lower. Agricultural foodstuffs are mixed.
Share this article with your friends


Related Stories

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

SPX

Flood of earnings leads calendar

April 22, 2014

McDonald's, Travelers, United Technologies, Xerox, Lockheed Martin, Lexmark, AK Steel, and Arch Coal announce quarterly results before the opening bell.

SPX

Stocks inch higher amid earnings

April 21, 2014

Stocks are inching higher again as investors anticipate a deluge of first-quarter results. S&P 500 and Nasdaq 100 futures are up slightly so far this morning.

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER