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Dow Jones Industrial Average Slips; Yellen, Ukraine in Focus

The DJI is on shaky ground this morning, but poised for weekly gains

by 8/22/2014 8:07:31 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is slightly lower this morning, with uncertainty rattling the blue-chip index. In Ukraine, a Russian aid convoy crossed the border against Kiev's wishes -- a move that Ukrainian state security chief Valentyn Nalivaychenko described as a "direct invasion by Russia." Meanwhile, here at home, traders are on pins and needles ahead of this morning's speech from Fed Chair Janet Yellen at the Jackson Hole central bank symposium. Among those paying close attention to Yellen's remarks will be protesters from The Center for Popular Democracy, who have descended on the Jackson Hole retreat to rally against rate hikes. Despite the modest dip in Dow futures this morning, though, the index is still on pace to end the week firmly higher.

Plus, our Trading Topic of the Week -- Reasons to Dodge Directional Risk: Reduce your reliance on stop-losses. With straddles, your dual directional exposure means you won't suffer major initial losses due to market volatility or adverse price movement.

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 6 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 975,017 call contracts traded on Thursday, compared to 497,556 put contracts. The resultant single-session equity put/call ratio fell to 0.51, while the 21-day moving average stayed at 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index has ticked higher this morning, up 0.04% at 82.19.
  • Crude oil is slightly lower, off 0.3% at $93.71 per barrel.
  • Gold, on the other hand, has advanced 0.5% to trade at $1,281.70 per ounce.
Currencies and commodities

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