Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 26, 2012  Wed 7:13 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock futures are inching higher amid optimism that politicians in Washington will avert fiscal crisis in coming days.

The S&P 500 has been climbing in the last hour and is indicated to open with a gain of about one-quarter of 1 percent. Japan's Nikkei was the one notable mover in the overnight session, rallying about 1.5 percent after a new prime minister dedicated to major stimulus took office. European markets remain closed the day after Christmas.

President Obama said he would return from vacation early to work toward a deal with Republicans that would prevent disruptive spending cuts and tax increases on Jan. 1. Worries about the so-called fiscal cliff have weighed on equities for the last month, keeping the S&P 500 in its range since the spring.

MasterCard Advisors SpendingPulse reported that holiday sales rose just 0.7 percent this year, the weakest reading since the 2008 mortgage crash, partly because of the political uncertainty.

Foreign-exchange and commodities are modestly bullish today. Oil and copper are up by about half a percent, while the euro and Australian dollar are posting small gains. The Japanese yen, which usually climbs when investors are scared, is also helping risk appetite by falling sharply across the board.
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