OptionsHouse

Options Trading News

January 11, 2013  Fri 7:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are hovering after yesterday's rally brought the S&P 500 within striking distance of a five-year high.

Futures on the benchmark index are little-changed, rebounding from earlier losses. Europe is following a similar path, with most of its markets now up by less than 0.2 percent.

Asia was mostly lower after quickening inflation in China raised worries about the world's No. 2 economy. Japan's Nikkei was the main standout, rallying 1.4 percent after Prime Minister Shinzo Abe announced a big stimulus package. That also sent the yen lower, which can support asset prices.

The S&P 500 climbed 11 points yesterday, continuing an advance that began around the New Year. Attention has been shifting toward corporate earnings, the possibility of continued strength in the United States and accelerating growth in emerging markets such as China. The only scheduled event on today's calendar is the release of fourth-quarter results by banking giant Wells Fargo.

Commodities and foreign exchange are painting a mixed picture. The euro advanced slightly against the greenback and the Japanese yen is down against most other currencies. Australian and Canadian dollars, however, fell. (Both tend to follow sentiment toward global growth.)

Oil is down by more than 1 percent, while copper fell by half a percentage point. Gold and silver are also lower, as are most agricultural foodstuffs.
Share this article with your friends


Related Stories

SPX

Stocks drift lower before GDP

May 29, 2015

S&P 500 futures are off less than 0.2 percent, while most of Europe is down about half a percent. Asia was little-changed overnight, with the exception of a 1 percent gain in Mumbai.

SPX

Revised GDP tops today's docket

May 29, 2015

Forecasters estimate that the U.S. economy shrank 0.7 percent between January and March, compared with its earlier estimate for 0.2 percent growth.

SPX

Futures pull back as traders wait

May 28, 2015

S&P 500 futures are off 0.2 percent, while most of Europe is down about half a percent. Shanghai was the big loser in Asia overnight, plunging 6.5 percent.

SPX

European, jobless data on docket

May 28, 2015

Several European numbers, including consumer confidence and industrial sentiment, are due today, along with weekly jobless claims for the United States.

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.

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 »