The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed lower ahead of the bell, as buyers sit on the sidelines amid lingering geopolitical concerns and ahead of a busy data week. While a humanitarian ceasefire has temporarily cooled fighting in Gaza, tensions between the West and Russia are heating up, after the European Union agreed to impose more economic sanctions on the country. Meanwhile, data on home sales and manufacturing will hit the Street this morning, though investors are already speculating ahead of the Federal Open Market Committee's (FOMC) policy statement and the latest payrolls report, slated for Wednesday and Friday, respectively.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 21 points below fair value.
The Chicago Board Options Exchange (CBOE) saw 1.17 million call contracts traded on Friday, compared to 717,631 put contracts. The resultant single-session equity put/call ratio jumped to 0.62, while the 21-day moving average stayed at 0.58.
Currencies and Commodities
Earnings and Economic Data
Kicking off the week are pending home sales data and the Dallas Fed's manufacturing survey. Cummins (CMI), Herbalife (HLF), Sohu.com (SOHU), and Tyson Foods (TSN) will report quarterly earnings.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.