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Hot Stock News for Options Traders

Dow Jones Industrial Average Pointed North as More Earnings Roll In

Gold is steepening its slide south of $1,300 an ounce

by 4/29/2014 8:19:28 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher ahead of the bell, as traders eye solid earnings from blue chip Merck & Co., Inc. (NYSE:MRK) and await the latest round of housing and consumer confidence data. "Markets were all over the place on Monday, with the Dow exploring a 188-point range," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "However, we finally finished on a strong note amid rumors that Russia may pull troops out of Ukraine, so it was a good start to the week." Looking ahead, "Earnings season continues in earnest this week, and Wall Street is already gearing up for Friday's nonfarm payrolls report."

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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 than 65 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,258,431 call contracts traded on Monday, compared to 865,253 put contracts. The resultant single-session put/call ratio fell to 0.69, while the 21-day moving average remained at 0.59.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower ahead of the bell, with the currency lingering near 79.67.
  • Elsewhere, crude oil is looking to extend its advance, with the commodity up 0.6% at $101.48 per barrel.
  • Gold, meanwhile, is steepening its slide south of $1,300, down 0.7% at $1,289.50 an ounce.
Currencies and commodities

Earnings and Economic Data

The Federal Open Market Committee (FOMC) begins its two-day policy-setting meeting today. Also due out are the S&P/Case-Shiller home price index and the Conference Board's consumer confidence index. Stepping up to the earnings plate are MRK, Nokia Corporation (NOK), Twitter (TWTR), 3D Systems (DDD), AFLAC (AFL), Boston Scientific (BSX), BP plc (BP), Bristol-Myers Squibb (BMY), Coach (COH), Cummins (CMI), Domino's Pizza (DPZ), DreamWorks Animation (DWA), eBay (EBAY), Genworth Financial (GNW), Goodyear Tire & Rubber (GT), Marriott International (MAR), MGM Resorts International (MGM), Panera Bread (PNRA), Riverbed Technology (RVBD), Seagate Technology (STX), Sprint Nextel (S), Trulia (TRLA), U.S. Steel (X), Valero Energy (VLO), and Yamana Gold (AUY).

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