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Dow Jones Industrial Average Edges Higher Ahead of GDP; Iraq Remains in Focus

Global markets continue to be pressured by geopolitical concerns

by 6/25/2014 8:10:32 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is positioned modestly higher this morning, in the wake of Tuesday's triple-digit drop. In today's session, traders will have the chance to digest the latest durable goods orders, as well as the final estimate for first-quarter gross domestic product (GDP). However, Wall Street will keep one eye trained overseas, as reports surface that Iraqi Prime Minister Nuri al-Maliki is rejecting calls for a more broad-based government. Against this backdrop, futures on the DJI were roughly 16 points above breakeven.

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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 about 16 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,203,627 call contracts traded on Tuesday, compared to 625,342 put contracts. The resultant single-session put/call ratio dipped to 0.52, while the 21-day moving average remained at 0.51.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is sticking close to the flat line this morning, with the greenback last seen at 80.32.
  • Ahead of today's weekly inventories update, crude oil is trading 0.3% higher to linger near $106.35 per barrel.
  • Gold, meanwhile, is on pace to pare a portion of its recent gains, with the commodity down 0.6% at $1,313.40 an ounce.
Currencies and commodities

Earnings and Economic Data

On the docket for today are durable goods orders for May, the final gross domestic product GDP reading for the first quarter, and regularly scheduled crude inventories. Apollo Education Group (APOL), Barnes & Noble (BKS), General Mills (GIS), and Monsanto (MON) will report earnings.

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