Learn the trade here. Make it on tradeMONSTER

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 bullish as Alibaba debuts

September 19, 2014

The bullish momentum remains intact this morning, bolstered by the e-commerce giant's initial public offering later today and Scotland's decision to remain in the United Kingdom.

SPX

Quiet calendar through next week

September 19, 2014

Existing home sales are the main item for Monday's session. Preliminary manufacturing numbers are due for China overnight, followed early the next session by similar European data.

SPX

Futures advance on easy money

September 18, 2014

S&P 500 futures are up 0.4 percent, while most European markets are up 0.5 percent to 1 percent. Asia was mixed overnight, with India ripping almost 2 percent and Japan gaining more than 1 percent.

SPX

Scottish vote, housing data on tap

September 18, 2014

Today's calendar has several events, including the Scottish independence vote. Final results aren't due until later this evening, though the outcome could be known earlier.

SPX

Stocks little-changed before Fed

September 17, 2014

S&P 500 futures are within a point of yesterday's close, and commodities are flat. Overseas markets are higher, led by gains of 1 percent in Italy, Hong Kong, and Korea.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER