tradeMONSTER: Trade free for 90 days

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

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.

SPX

Stocks rally again on Europe, oil

December 18, 2014

S&P 500 futures are up more than 1 percent, while most European indexes are gaining 2 percent. Asia was mostly higher overnight, led by a 2 percent gain in Tokyo.

SPX

Jobless claims, Philly Fed on tap

December 18, 2014

Today's economic calendar features initial jobless claims and the Philadelphia Federal Reserve's regional-activity index.

Invest Like a Monster - Las Vegas: March 13-14

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