Opening View

Dow Jones Industrial Average Looks to Extend Lead Over 16,000

Japan's Nikkei jumped on the back of a weakening yen

by 12/9/2013 8:19:18 AM
Stocks quoted in this article:

"The Dow Jones Industrial Average (INDEXDJX:.DJI) jumped on Friday, due to strong payrolls and consumer sentiment numbers," noted Schaeffer's Senior Options Strategist Tony Venosa, CMT. The blue-chip barometer is poised to continue with this positive price action today, with futures pointed modestly higher ahead of the bell. "Today's economic calendar is light, but several Federal Reserve officials are slated for speeches, keeping the debate over the Fed's tapering timeline alive and well," said Venosa. "Continue to watch round-number levels on the major indices, including the DJI at 16,000, the S&P 500 Index (SPX) at 1,800, and the Nasdaq Composite (COMP) at 4,000."

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 12 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,150,004 call contracts traded on Friday, compared to 610,125 put contracts. The resultant single-session put/call ratio rose to 0.53, 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 down 0.1% ahead of the bell to trade at 80.22.
  • Elsewhere, crude oil is unchanged, with the front-month contract lingering near $97.65 per barrel.
  • Gold futures are sitting just above breakeven, with the February-dated contract last seen near $1,229.20 an ounce.
Currencies and commodities

Earnings and Economic Data

There are no notable economic reports scheduled for today. The Pep Boys - Manny, Moe & Jack (PBY) will report earnings.

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