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Dow Jones Industrial Average Futures Head Lower; Earnings, Homebuilders in Focus

Japan's Nikkei logged its heftiest weekly gain of the year

by 10/19/2012 8:17:21 AM
Stocks quoted in this article:

Futures on the Dow Jones Industrial Average (DJI) are lower in pre-market trading, with investors taking some profits off the table following yesterday's round of weaker-than-expected quarterly showings. "Indices were mostly positive Thursday morning, until a premature earnings release by Google (NASDAQ:GOOG) sent its shares, and the rest of the market, off earlier highs," said Schaeffer's Senior Options Strategist Tony Venosa. "After the dust settled, the markets found themselves slightly in the red on the day. Meanwhile, the strength we've seen this week in the homebuilding sector will be tested again this morning from the existing home sales report for September."

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average are nearly 23 points below fair value.

Market Statistics

Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,284,758 call contracts traded on Thursday, compared to 837,975 put contracts. The resultant single-session put/call ratio rose to 0.65, while the 21-day moving average stayed at 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.1% this morning to hover near $79.46.
  • Crude oil is flat heading into the final session of the week, with the front-month contract last seen at $92.53 per barrel.
  • Gold futures are down in pre-market trading, with December-dated gold 0.5% lower at $1,735.20 an ounce.
Currencies and commodities

Earnings and Economic Data

We'll round out the week's glut of domestic economic reports with the release of existing home sales. Additionally, General Electric (GE), McDonald's (MCD), Baker Hughes (BHI), Edwards Lifesciences (EW), Honeywell International (HON), Ingersoll-Rand (IR), McMoRan Exploration (MMR), and Schlumberger (SLB) are scheduled to release their quarterly reports.

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