Opening View

Dow Jones Industrial Average Eyes a Slow Start to 2014

Manufacturing in China rose by a slimmer-than-expected margin

by 1/2/2014 8:16:04 AM
Stocks quoted in this article:

After finishing 2013 with its best yearly gain since 1995, the Dow Jones Industrial Average (INDEXDJX:.DJI) is poised to start 2014 in the red. Investors will have their hands full with today's round of economic data. Specifically, weekly jobless claims, Markit's final purchasing managers manufacturing index (PMI) for December, the Institute for Supply Management's (ISM) manufacturing index, and construction spending will all be released this morning.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are nearly 32 points south of breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 993,447 call contracts traded on Tuesday, compared to 453,040 put contracts. The resultant single-session put/call ratio dipped to 0.46, while the 21-day moving average fell to 0.54.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is up 0.6% in pre-market trading, with the greenback lingering near 80.59.
  • Crude oil, meanwhile, is 0.6% lower ahead of the bell to trade at $97.81 per barrel.
  • Elsewhere, gold futures are 1.2% higher at last check, with gold for February delivery hovering around $1,216.40 an ounce.
Currencies and commodities

Earnings and Economic Data

Weekly jobless claims, Markit's final PMI for December, the ISM's manufacturing index, construction spending, and weekly crude inventories are all slated for release today. Resources Connection (RECN) will reveal its latest quarterly results.

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