Real-Time Market Insights
Hot Stock News for Options Traders

Dow Jones Industrial Average Slips Following Fed-Induced Rally

Crude oil climbs higher on rising geopolitical concerns

by 6/19/2014 8:06:19 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is sitting slightly below breakeven this morning, after the 30-stock index rallied yesterday in the wake of dovish comments made by Federal Reserve Chair Janet Yellen. Elsewhere, following a day that saw the S&P 500 Index (SPX) notch its 20th record close of the year, futures on the broad-market barometer are trading modestly above the flat line.

In today's session, a handful of economic reports -- including weekly jobless claims, the Philadelphia Fed's manufacturing survey, and the Conference Board's leading indicators index -- should garner some attention. Additionally, traders will continue to keep a cautious eye trained on Iraq, after reports from The Wall Street Journal suggested the White House is calling for new leadership in the volatile nation.

Plus, our Trading Topic of the Week -- 5 Reasons to Dodge Directional Risk: Capitalize on expected volatility spikes. There are several technical and sentiment indicators that can tell you whether a stock is on the verge of some major volatility -- including Bollinger Bands and high levels of short interest.

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 about 6 points below breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,349,175 call contracts traded on Wednesday -- the most since April 17 -- compared to 516,593 put contracts. The resultant single-session put/call ratio plunged to 0.38, while the 21-day moving average dipped to 0.53.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index has shed 0.4% ahead of the bell to trade at 80.23.
  • Meanwhile, as violence in Iraq grows, crude oil has jumped 0.4% in pre-market trading to linger near $106.03 per barrel.
  • Elsewhere, gold is on pace to add to Wednesday's modest gain, with futures for the commodity last seen 0.7% higher at $1,282 per ounce.
Currencies and commodities

Earnings and Economic Data

Weekly jobless claims, the Philadelphia Fed's manufacturing survey, and the Conference Board's leading indicators index for May will hit the Street today. Elsewhere, BlackBerry (BBRY), Kroger (KR), Oracle (ORCL), Rite Aid (RAD), Smith & Wesson (SWHC), and Tibco Software (TIBX) will release earnings reports.

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