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Dow Jones Industrial Average Up on GE Earnings; Ukraine, Gaza Remain in Focus

Strong earnings results from GE and GOOGL have futures pointed higher

by 7/18/2014 8:06:43 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to bounce back from Thursday's triple-digit drubbing -- and reclaim its perch atop the 17,000 mark -- with futures pointed 38 points higher ahead of the bell. While traders digest geopolitical developments in Ukraine and Gaza, they will also be mulling over a number of domestic data points. On the earnings front, upbeat results from blue chip General Electric Company (NYSE:GE) and tech titan Google Inc (NASDAQ:GOOGL) will be in focus. Meanwhile, on the economic side, the latest consumer sentiment report is slated for release at 9:55 a.m. ET.

Plus, our Trading Topic of the Week -- How to Get Started with Options: Understand that options expire. Buy-and-holders must remember: With options, the stock needs to move in your favor -- and the sooner, the better.

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 38 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.39 million call contracts traded on Thursday, compared to 1.08 million put contracts -- the most since Jan. 24. The resultant single-session put/call ratio surged to 0.78, while the 21-day moving average rose to 0.56.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is little changed this morning, with the greenback last seen at 80.52.
  • Elsewhere, geopolitical tensions continue to buoy crude oil, with the commodity up 0.2% to trade at $102.43 per barrel.
  • Gold, meanwhile, is on pace to pare a portion of yesterday's gains, with the malleable metal down 0.4% at $1,311.10 an ounce.
Currencies and commodities

Earnings and Economic Data

The preliminary reading of the Thomson Reuters/University of Michigan consumer sentiment index for July will come out today. Meanwhile, GE, Honeywell (HON), Huntington Bancshares (HBAN), and VF Corp (VFC) will close out the week's lineup of earnings reports.

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