Opening View

Dow Jones Industrial Average Higher Ahead of Payrolls

Crude oil is on pace to break its recent winning streak

by 12/6/2013 8:24:38 AM
Stocks quoted in this article:

"The Dow Jones Industrial Average (INDEXDJX:.DJI) declined for a fifth straight session yesterday, following upbeat economic reports," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "This morning's November employment report will undoubtedly be a market-moving event." Ahead of the data, slated for release at 8:30 a.m. ET, futures on the blue-chip barometer are higher, with the index looking to snap its recent losing streak.

Meanwhile, Venosa says, "Keep an eye on the 178.50 area for the SPDR S&P 500 ETF Trust (SPY), as peak put open interest in the weekly series, which expires at tonight's close, resides here. This level has held as support so far this week."

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 more than 60 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,091,333 call contracts traded on Thursday, compared to 564,836 put contracts. The resultant single-session put/call ratio fell to 0.52, while the 21-day moving average remained at 0.56.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is flirting with a 0.1% lead ahead of the bell, with the currency last seen at 80.31.
  • Crude oil is on pace to snap its recent winning streak, with the front-month contract down 0.1% at $97.25 per barrel.
  • Elsewhere, gold futures are looking to add to Thursday's losses, with the malleable metal 0.4% lower at $1,227.40 an ounce.
Currencies and commodities

Earnings and Economic Data

The week closes out with the Labor Department's nonfarm payrolls report and the unemployment rate, personal income and spending figures, the preliminary reading of the Thomson Reuters/University of Michigan consumer sentiment index for December, and consumer credit. American Eagle Outfitters (AEO) and Big Lots (BIG) will report earnings.

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