Opening View

Dow Jones Industrial Average, S&P 500 Look to Close Out 3Q With a Win

Most European markets are higher ahead of Thursday's ECB meeting

by 9/30/2014 8:11:13 AM
Stocks quoted in this article:

Both the Dow Jones Industrial Average (INDEXDJX:DJI) and the S&P 500 Index (SPX) are pointed higher this morning, with the indexes on pace to close out the third quarter with a win. Although traders will be keeping one eye trained on geopolitical developments in Hong Kong, today's raft of economic data should garner some attention. Specifically, updates on home prices, Chicago business activity, and consumer confidence are due. Additionally, Federal Reserve Governor Jerome Powell is slated to speak.

Plus, our Trading Topic of the Week – Trading Low-Priced Options: DON'T be tempted by the cheapest option available. It may seem like a good idea to keep your entry costs low by purchasing the lowest-priced option available. However, bear in mind that the cheapest contracts are most likely to expire worthless.

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 nearly 45 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 901,681 call contracts traded on Monday -- the fewest since Aug. 29 -- compared to 635,172 put contracts. The resultant single-session equity put/call ratio dropped to 0.70, while the 21-day moving average remained at 0.63.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.7% at 86.20.
  • Crude oil is down 0.1% at $93.42 per barrel.
  • Gold, meanwhile, has plunged 1.1% to $1,205.70 per ounce.
Currencies and commodities

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