Opening View

Dow Jones Industrial Average Finds Footing as Earnings Season Accelerates

Alibaba Group Holding Ltd (BABA) is sinking on disappointing quarterly sales

by 1/29/2015 8:23:00 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed slightly higher in pre-market trading -- attempting to find a footing after a nearly 200-point drubbing -- as traders continue to digest yesterday's Federal Open Market Committee (FOMC) policy announcement and a raft of quarterly reports. Among the biggest names on the earnings front this morning are Alibaba Group Holding Ltd (NYSE:BABA) -- which is getting hammered on underwhelming revenue data -- and Ford Motor Company (NYSE:F), which topped estimates. Meanwhile, Amazon.com, Inc. (NASDAQ:AMZN), Google Inc (NASDAQ:GOOGL), and Visa Inc (NYSE:V) are among the companies divulging results this evening.

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 13 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Wednesday, compared to 830,467 put contracts. The resultant single-session equity put/call ratio dropped to 0.67, while the 21-day moving average remained at 0.67.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.2% at 94.64.
  • Crude oil has gained 0.3% to trade at $44.58 per barrel.
  • Gold is headed lower again, down 1.3% at $1,269.90 per ounce.
Currencies and commodities

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