Opening View

Dow Jones Industrial Average Higher; Senate to Cast Vote for Yellen

Japan's Nikkei sinks amid a strengthening yen

by 1/6/2014 8:21:57 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is pointed higher this morning, with the blue-chip barometer on pace to rebound from last week's losses. As Schaeffer's Senior Options Strategist Tony Venosa, CMT, noted, "Trading on Friday was still relatively light due to the holiday season and the winter storm that gripped most of the country. The Nasdaq Composite (COMP) was the biggest laggard, weighed down by a 2% drop in Apple Inc. (NASDAQ:AAPL) shares. This morning, markets will react to factory orders for November, as well as the Institute for Supply Management's (ISM) non-manufacturing index for December." Additionally, the Senate is expected to cast its final vote for the nomination of Janet Yellen as the next head of the Federal Reserve.

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 40 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,148,373 call contracts traded on Friday, compared to 623,494 put contracts. Both the resultant single-session put/call ratio and the 21-day moving average arrived at 0.54.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is up a slight 0.03% ahead of the bell to linger near 80.82.
  • Elsewhere, crude oil is track to pare a portion of last week's losses, with futures on the front-month contract up 0.4% at $94.30 per barrel.
  • Gold futures, meanwhile, are down 0.1% to trade at $1,237.20 an ounce.
Currencies and commodities

Earnings and Economic Data

The ISM's non-manufacturing index and factory orders for November will hit the Street today. Sonic (SONC) is set to report earnings.

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