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Dow Jones Industrial Average Falls on a Fresh Round of Russia Sanctions

A new round of sanctions for Russia pressure DJI futures lower

by 7/17/2014 8:09:05 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to retreat from record-high territory, after the U.S. and European Union (EU) issued a new round of sanctions against Russia. Additionally, traders will have a slew of data on both the earnings and economic front to digest throughout the session. Specifically, quarterly results from financial firm Morgan Stanley (NYSE:MS) and blue chip UnitedHealth Group Inc. (NYSE:UNH) were released this morning, while updates on housing and jobless claims are due ahead of the bell. Against this backdrop, futures for the DJI were last seen more than 52 points lower.

Plus, our Trading Topic of the Week -- How to Get Started with Options: Check your motives. Never buy an option just because it's "cheap" -- because the higher risk of a 100% loss isn't always such a great bargain.

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 52 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.54 million call contracts traded on Wednesday, compared to 770,552 put contracts. The resultant single-session put/call ratio fell to 0.50, while the 21-day moving average edged up to 0.55.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower ahead of the bell to trade at 80.53.
  • Elsewhere, crude oil is on pace to extend its lead in triple-digit territory, with the commodity up 1% to $101.63 per barrel.
  • Gold, meanwhile, is poised to reclaim its perch atop the $1,300 mark, with the malleable metal 0.4% higher at $1,305.30 an ounce.
Currencies and commodities

Earnings and Economic Data

Among the economic reports scheduled for today are the latest housing starts data, weekly jobless claims, and the Philadelphia Fed's manufacturing survey. Companies stepping into the earnings confessional include International Business Machines (IBM), UNH, Advanced Micro Devices (AMD), Google (GOOGL), athenahealth (ATHN), Blackstone (BX), Capital One (COF), Fifth Third (FITB), KeyCorp (KEY), Mattel (MAT), MS, Novartis (NVS), Philip Morris International (PM), Seagate Technology (STX), and Sherwin-Williams (SHW).

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