Opening View

Dow Jones Industrial Average Futures Little Changed Before Barrage of Economic Data

Crude oil charges higher ahead of the weekly inventories update

by 12/4/2013 8:16:08 AM
Stocks quoted in this article:

"Tuesday's action saw a follow-through from Monday's session, as the Dow Jones Industrial Average (INDEXDJX:.DJI) closed down by 94 points," commented Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Today, markets will be digesting plenty of economic reports, including the Automatic Data Processing (ADP) employment update, the international trade balance, new home sales, the Institute for Supply Management's (ISM) services index, and the Fed's Beige Book." The blue-chip barometer is awaiting direction from this onslaught of data, with futures little changed in pre-market trading.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are about 9 points below breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 998,346 call contracts traded on Tuesday, compared to 605,372 put contracts. The resultant single-session put/call ratio jumped to 0.61, while the 21-day moving average stayed at 0.56.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is flirting with a 0.05% lead ahead of the bell, with the currency last seen near 80.64.
  • Ahead of today's weekly inventories update, crude oil has tacked on 1.2% to trade at $97.22 per barrel.
  • Elsewhere, gold futures are poised to continue yesterday's decline, with the front-month contract down 0.6% at $1,213.70 an ounce.
Currencies and commodities

Earnings and Economic Data

Today's docket is full, with the ADP employment report, the international trade balance, new home sales, the ISM services index, and weekly crude inventories due out, as well as the Fed's Beige Book. Stepping up to the earnings plate are Aeropostale (ARO), Christopher & Banks (CBK), Guess? (GES), Mattress Firm Holding (MFRM), and The Wet Seal (WTSL).

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