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Dow Jones Industrial Average Wobbles as Second Quarter Wraps Up

The major market indexes are set to slip on the final trading day of June

by 6/30/2014 8:17:34 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is set to open modestly lower this morning, as traders anticipate a couple of key data points due out later today. The Chicago purchasing managers index (PMI) and the National Association of Realtors' pending home sales index are both on the docket, kicking off a busy week of economic reports that includes June's nonfarm payrolls announcement on Thursday. Despite the shaky pre-market action, the major equity indexes are on pace to end the month of June -- and the second quarter -- on positive footing. Ahead of the open, the Dow is up 0.8% for the month, while the S&P 500 Index (SPX) has gained 1.9%, and the Nasdaq Composite (COMP) is leading the pack with its 3.7% advance.

Plus, our Trading Topic of the Week -- Ways to Win with Aggressive Trades: Focus on short-term options. Combat the negative effects of time decay -- and decrease your overall risk -- by keeping your time horizon as narrow as possible.

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 nearly 36 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.03 million call contracts traded on Friday, compared to 538,787 put contracts. The resultant single-session put/call ratio dipped to 0.52, while the 21-day moving average edged down to 0.50.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower this morning, down 0.06% at 79.99.
  • Crude oil is also in the red, off 0.5% to trade at $105.23.
  • Likewise, gold futures have backpedaled 0.6% in the early going to hover at $1,312.80.
Currencies and commodities

Earnings and Economic Data

The Chicago PMI and the Dallas Fed's manufacturing survey are scheduled for today, along with pending home sales data. There are no significant earnings reports slated for release.

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