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Dow Jones Industrial Average Dips as Casualties Rise in Gaza

The DJI falters as conflicts in Gaza and Ukraine take the forefront

by 7/21/2014 8:20:48 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is set to start the week on negative footing, with geopolitical conflicts still at the forefront. Sunday was the deadliest day yet in the ongoing Gaza battle, while international pressure is rising on Russian President Vladimir Putin to allow international investigators access to the Malaysia Airlines Flight 17 crash site. Markets around the globe have turned lower in the face of this uncertainty, and the Dow is set to follow suit, with futures off 42 points this morning. With no major economic reports on the domestic docket, the day's slate of earnings reports will set the tone for the rest of the session.

Plus, our Trading Topic of the Week -- Tips for Buying Weekly Options: Buyers should avoid sluggish stocks. Don't use weekly options to bet on a slowly trending blue chip -- you need a fast, aggressive move in the right direction.

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 more than 42 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.55 million call contracts traded on Friday, compared to 865,032 put contracts. The resultant single-session put/call ratio eased back to 0.56, while the 21-day moving average held steady at 0.56.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is just barely north of breakeven this morning, up 0.04% at 80.56.
  • Crude oil is slightly lower, off 0.2% at $101.77 per barrel.
  • Gold, meanwhile, has edged up 0.4% to trade at $1,316 per ounce.
Currencies and commodities

Earnings and Economic Data

There are no significant economic reports slated for today. Reporting earnings are NFLX, TXN, Chipotle Mexican Grill (CMG), Crown Holdings (CCK), Halliburton (HAL), Hasbro (HAS), PetMed Express (PETS), Philips (PHG), Rambus (RMBS), and Rent-A-Center (RCII).

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