Opening View

Dow Jones Industrial Average Pointed Lower; All Eyes on FOMC

The Federal Open Market Committee will kick off its two-day meeting today

by 9/16/2014 8:19:50 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed modestly lower this morning, as traders remain sidelined ahead of the kick-off of the Federal Open Market Committee's (FOMC) two-day meeting. Disappointing data out of China and Germany are also weighing on sentiment, as well as concerns about the independence vote in Scotland later this week. In equities news, drug makers are in the spotlight, with Allergan, Inc. (NYSE:AGN) settling pending litigation, AstraZeneca plc (ADR) (NYSE:AZN) announcing a new partnership, and Regeneron Pharmaceuticals Inc (NASDAQ:REGN) scoring a regulatory nod.

Plus, our Trading Topic of the Week -- How to Get Started with Options: Learn how options pricing works. Options pricing isn't rocket science, but it's not quite as straightforward as stocks (implied volatility, anyone?).

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 21 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,191,979 call contracts traded on Monday, compared to 731,113 put contracts. The resultant single-session equity put/call ratio jumped to 0.61, while the 21-day moving average remained at 0.59.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower at 84.24.
  • Crude oil is down 0.4% at $91.02 per barrel.
  • Gold is flirting with a 0.2% gain at $1,237.60 per ounce.
Currencies and commodities

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