tradeMONSTER: Trade free for 90 days

Options Trading News

February 27, 2013  Wed 7:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are trying to hold their ground after a strong Italian bond auction eased worries about the debt-laden country.

S&P 500 futures are up slightly and have been rising in the last hour. European markets are mostly higher by about half a percent, following gains by most Asian markets overnight. Energy futures are climbing as well.

While Italy's elections spooked investors earlier this week with the specter of a divided government, unable to make needed reforms, strong demand caused bond yields fell in today's debt sale. Attention will continue to focus on the political realm as Federal Reserve Chairman Ben Bernanke addresses the Senate Banking Committee today and the possibility of forced spending cuts loom in Washington.

The news comes as equities attempt to stabilize after their biggest drop in 2013. Today's event calendar also focuses on durable-goods orders and pending home sales.

Foreign exchange and commodities paint a very mixed picture. The euro and crude oil are higher, but the Australian dollar and copper are lower. Precious metals are also down after climbing yesterday, but agricultural foodstuffs are higher.

The strength in the euro and energy unusual because traders are shrugging off a rally in the Japanese yen, which drove stocks in Tokyo lower overnight.

In company-specific news, retailer Target is down slightly despite reporting strong results and providing guidance above consensus. First Solar is indicated to open lower by 13 percent after forecasting first-quarter results well below estimates.
Share this article with your friends


Related Stories

SPX

Stocks rebound before Christmas

December 22, 2014

S&P 500 futures are up 0.2 percent, while most of Europe advanced more than half a percent. Asia was broadly higher overnight, led by gains of more than 1 percent in Mumbai and Hong Kong.

SPX

Handful of events on holiday week

December 22, 2014

The only event scheduled for today is existing home sales for November at 10 a.m. ET. The next two days are more active than usual as the Chrismtmas holiday pushes several events forward.

SPX

Cramer: Tune out Fed naysayers

December 19, 2014

When we have inflation, the data-dependent Fed will switch. Until then, what's the point? Promote havoc? Slow down growth to make it so the hiring binge is over?

SPX

Stocks inch higher following rallies

December 19, 2014

S&P 500 futures are up 0.2 percent but below their highs earlier in the morning. Asia surged overnight, led by gains of about 2 percent in Tokyo and Shanghai. Oil is holding its ground as well.

SPX

Earnings reports fill quiet calendar

December 19, 2014

The only items today are quarterly results from CarMax, Carnival, and BlackBerry. Several events are packed into Tuesday and Wednesday because of next week's Christmas holiday.

tradeMONSTER: Trade free for 90 days

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER