Dow Jones Industrial Average Futures Lower After Earnings Flood

The S&P Signal Not Seen Since 2012

Apr 22, 2016 at 9:14 AM

MCD
MSFT
CAT
VRX
GE
DJIA
AAPL

After breaking a three-day hot streak, Dow Jones Industrial Average (DJIA) futures are just below fair value this morning. Earnings are in focus again today, with blue chips General Electric Company (NYSE:GE), Caterpillar Inc (NYSE:CAT), Microsoft Corporation (NASDAQ:MSFT), and Visa Inc (NYSE:V) all pointed lower after reporting, overshadowing a well-received report from McDonald's Corporation (NYSE:MCD).

Continue reading for more on today's market, including:

The S&P 500 Index (SPX) signal not seen since early 2012.
The FDA spat that sent this biotech stock reeling (again).
Are GE option buyers about to get burned?
Plus... Japan stocks stay hot, Apple goes dark, and Valeant's C-suite news.

Dow Futures April 22

Futures on the Dow Jones Industrial Average (DJIA) are 8.5 points below fair value.

5 Things You Need to Know Today

Japan surged ahead of next week's central bank meeting, but Europe slumped on weak PMI.
The Chicago Board Options Exchange (CBOE) saw 716,250 call contracts traded on Thursday, compared to 610,703 put contracts. The resultant single-session equity put/call ratio jumped to 0.85, while the 21-day moving average stayed pput at 0.69.
Apple Inc. (NASDAQ:AAPL) is pointed 0.6% lower ahead of the open, after Raymond James lowered its outlook for iPhone sales, following Thursday's disappointing report from AAPL supplier QUALCOMM, Inc. (NASDAQ:QCOM). In addition, AAPL stores apparently went dark in China.
GE beat per-share earnings estimates by 2 cents, but the stock is 1% lower in pre-market trading, as the company saw organic revenue fall 1% from the previous year.
The Wall Street Journal reported that Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is preparing to name Joseph Papa -- currently chief executive of Perrigo Company plc Ordinary Shares (NYSE:PRGO) -- its replacement for CEO Michael Pearson. VRX popped 7.2% higher in electronic trading.

Buzz Stocks April 22

Earnings and Economic Data

Markit's flash purchasing managers index (PMI) is due. As for earnings, American Airlines (AAL), Honeywell (HON), Kimberly-Clark (KMB), LyondellBasell (LYB), and SunTrust Banks (STI) are scheduled to report. To see what is coming up on next week's schedule, click here.

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.