Opening View

Alibaba Group Debut in Focus; Dow Jones Industrial Average Aims for Higher Highs

Alibaba Group Holding Ltd (BABA) will go public in the U.S. today

by 9/19/2014 8:15:50 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is looking to add to its upward momentum, with the blue-chip barometer on pace for a fourth straight record high. Outside of the U.S., traders are cheering stimulus measures out of China, as well as Scotland's vote to stay in the U.K. On the home front, meanwhile, all eyes will be on Alibaba Group Holding Ltd (NYSE:BABA), which is reported to make its Big Board debut at $68 per share.

Plus, our Trading Topic of the Week -- How to Get Started with Options: Understand that options expire. Buy-and-holders must remember: With options, the stock needs to move in your favor -- and the sooner, the better.

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 65 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,228,861 call contracts traded on Thursday, compared to 762,798 put contracts. The resultant single-session equity put/call ratio jumped to 0.62, while the 21-day moving average remained at 0.60.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.3% higher at 84.59.
  • Crude oil is fractionally lower at $91.35 per barrel.
  • Gold is down 0.3% at $1,222.70 per ounce.
Currencies and commodities

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