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.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 42 points below fair value.
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.
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).
Why OIH Is Finding Key Support at $52
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