OptionsHouse

Options Trading News

January 4, 2013  Fri 7:09 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock futures are hovering in a range before the key jobs report this morning.

S&P 500 futures are little-changed, while European indexes are modestly lower. Asians markets were also quiet in the overnight session, with the exception of Japan's Nikkei, which climbed after being closed for New Years.

Equities are consolidating in the wake of big rallies on Monday and Wednesday after U.S. politicians reached a budgetary deal to avert painful tax hikes and spending cuts. Attention is now focusing on the December non-farm payrolls report scheduled for 8:30 a.m. ET. Economists expect an increase of 150,000 jobs. Earlier reports this week have mostly shown mounting strength in the labor market.

Foreign-exchange markets and commodities are mixed but have a modestly bearish tone in general. Currencies associated with risk appetite, including the euro, Canadian dollar, and Australian dollar are lower against the greenback. The safe-haven Japanese yen, however, is down across the board.

Commodities are painting a more negative picture, with oil and copper both down by more than 1 percent. Gold fell by 2 percent and silver dropped 4 percent on worries that the Federal Reserve may slow bond purchases, thus reducing the allure of precious metals. Agricultural foodstuffs are moderately lower as well.

In company-specific news, medical-device stock Accuray is down by more than 20 percent after announcing weak revenue numbers and slashing its workforce. Plastics company A. Schulman climbed 3 percent yesterday afternoon on a strong quarterly report but hasn't traded yet this morning. Rovi may also be active after announcing it would divest its entertainment-store business.
Share this article with your friends


Related Stories

SPX

Stocks try to rebound from drop

May 27, 2015

S&P 500 futures are up almost 0.1 percent after the index had its biggest drop in three weeks. European markets gained about 0.5 percent.

SPX

Mortgage data, Costco on docket

May 27, 2015

Weekly mortgage applications at 7 a.m. ET are the only data report. Michael Kors, Tiffany, Toll Brothers, and Cisco are scheduled to announce quarterly results.

SPX

Futures churn before key numbers

May 26, 2015

S&P 500 futures are off less than 0.1 percent, while indexes across the Atlantic were mixed. Asia continued to rally, led by a 2 percent gain in Shanghai.

SPX

Durable goods, consumer data due

May 26, 2015

Investors return from Memorial Day to a busy calendar. Today brings two major events with the potential to move markets: durable-goods orders and consumer confidence.

SPX

Stocks drift before long weekend

May 22, 2015

S&P 500 futures are unchanged, and European indexes are mixed. Shanghai surged almost 3 percent overnight, Seoul was up more than 1 percent.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Long synthetic call

Long and short Synthetic stock are two of the six basic synthetic positions that exist. Number three on our list is the Synthetic Long Call...

View more education articles »