Opening View

Dow Jones Industrial Average Set to Close Out 2013 with a Bang

China's Shanghai Composite underperformed most of Asia in 2013

by 12/31/2013 8:12:09 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is looking to end the year on a high note, with futures pointed higher ahead of the bell. Already in 2013, the blue-chip barometer has tacked on an impressive 26%. While there are celebrations to be had at the back end of the day, it's business as usual at the front, with reports on housing, manufacturing, and consumer confidence all on the day's docket.

Meanwhile, as Schaeffer's Senior Options Strategist Tony Venosa, CMT, notes, "Today is a full-day session, but markets will be closed tomorrow in observance of New Year's Day. We expect volatility and volume to be low. Also, the bond market will close early today."

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 roughly 21 points north of breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,029,930 call contracts traded on Monday, compared to 506,622 put contracts. The resultant single-session put/call ratio dropped to 0.49, while the 21-day moving average stayed at 0.55.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index has tacked on 0.1% ahead of the bell, with the currency last seen near 80.10.
  • Elsewhere, crude oil is looking to extend yesterday's losses, with crude for February delivery down 0.4% to trade at $98.87 per barrel.
  • Gold futures are lower, as well, with the front-month contract giving back 0.2% in pre-market trading to hover around $1,201.70 an ounce.
Currencies and commodities

Earnings and Economic Data

On today's calendar are the S&P/Case-Shiller home price index, the Chicago purchasing managers index (PMI), and the Conference Board's consumer confidence index. There are no major earnings set for release.

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