Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 26, 2013  Tue 7:13 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Futures are trying to bounce this morning as political worries hammer stocks across the Atlantic.

Sentiment has been improving in the last hour, and the S&P 500 is indicated to open higher by about one-third of a percentage point after a drop of almost 2 percent yesterday. Indexes are lower by 1 percent to 2 percent in Europe and fell by a similar magnitude in Asia overnight.

Sentiment darkened yesterday after Italian elections produced no clear winner, casting doubts about the debt-laden country's ability to make key reforms. The news comes as stocks consolidate following an early-2013 rally that brought the S&P 500 back to its highest levels in more than five years.

Investors now face potential political risk in the United States as well, as the federal government nears forced spending cuts under sequestration. On the economic front, today will bring the Case-Shiller home price index at 9 a.m. ET, along with monthly new-home sales and consumer confidence one hour later.

Currencies are painting a modestly bullish picture. The euro is inching higher and attempting to rebound, while the Japanese yen is down after yesterday's sharp rally. Commodities are more bearish, with oil, copper, gasoline, and silver all lower. Gold is up almost half a percent, and agricultural foodstuffs are mixed.

In company-specific news, casino operator Caesars Entertainment is down by about 10 percent after earnings and revenue missed expectations. Home Depot is up about 1.5 percent after its results beat consensus. Titan International, a provider of tires for agricultural machinery, is indicated to open 12 percent lower after reporting weak quarterly results.
Share this article with your friends


Related Stories

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

SPX

Flood of earnings leads calendar

April 22, 2014

McDonald's, Travelers, United Technologies, Xerox, Lockheed Martin, Lexmark, AK Steel, and Arch Coal announce quarterly results before the opening bell.

SPX

Stocks inch higher amid earnings

April 21, 2014

Stocks are inching higher again as investors anticipate a deluge of first-quarter results. S&P 500 and Nasdaq 100 futures are up slightly so far this morning.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER