Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 21, 2012  Wed 7:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock index futures are holding their ground today as investors look past uncertainty overseas and expect a strong start to the holiday shopping season. Oil is climbing as well.

The S&P 500 is little-changed, attempting to stay above its key 200-day moving average. It traded below that level for more than a week but rallied back Monday on hopes that the United States would avert fiscal crisis.

Now the market is looking forward to signs of strength in the economy. Initial jobless claims will be released at 8:30 a.m. ET, one day early because of Thanksgiving tomorrow. Then attention will focus to holiday shopping.

Most Asian markets were mostly positive in the overnight session, and European markets are treading water despite leaders on the continent failing to agree on a solution to Greece's sovereign-debt problems. Another meeting is scheduled for Monday.

Violence has also resumed in the Middle East, with a bomb injuring more than 20 people in Tel Aviv. The main impact on trading so far has been to push oil prices higher.

Crude is up by more than 1 percent. Gold and silver posted small gains, but copper is modestly lower. Agricultural foodstuffs are mixed.

Currencies are painting a modestly bearish picture, with the euro and Australian dollar both lower. Then Japanese yen, however, is plunging, which tends to support commodity prices and equities.

In company-specific news, tractor maker Deere is lower by about 2 percent after higher costs caused earnings to miss analyst forecasts. Book publisher Scholastic may also drop after lowering guidance yesterday afternoon.
Share this article with your friends


Related Stories

SPX

Stocks higher on sentiment, earnings

October 21, 2014

S&P 500 futures are up 0.6 percent, while the Nasdaq advanced 0.9 percent after strong iPhone sales caused Apple to beat expectations. European markets advanced by 1.5 to 2.3 percent.

SPX

Agenda keeps focus on earnings

October 21, 2014

McDonald's, Coca-Cola, Lockheed Martin, Verizon Communications, United Technologies, and Harley Davidson release their numbers this morning.

SPX

Futures follow Europe, IBM lower

October 20, 2014

S&P 500 futures are down about 0.2 percent. Frankfurt, Paris, and London are all down more than 1 percent amid poor quarterly results, weak trade numbers, and persistent deflationary pressures.

SPX

Earnings continue to lead agenda

October 20, 2014

Halliburton, VF Corporation, Valeant Pharmaceuticals, and Peabody Energy report this morning. Apple, IBM, and Texas Instruments follow in the afternoon.

SPX

Stocks rebound after halting selloff

October 17, 2014

S&P 500 futures are up about 1 percent, and European indexes are higher by 1 to 2 percentage points. Most Asian markets fell overnight as bearishness from the recent selloff lingered. Oil's rebound continues.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Analyzing a bipolar market

Economics hinges on the tenet that people, including investors and traders, act rationally and in their own best interests. But...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER