Dow Jones Industrial Average Rises on ECB Bond-Buying News

Japanese stocks rallied on strong export data

Oct 22, 2014 at 8:16 AM
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Futures on the Dow Jones Industrial Average (INDEXDJX:DJI) are pointed slightly higher, following the lead of their overseas counterparts on reports that the European Central Bank (ECB) may buy corporate bonds later this year to boost the eurozone economy. Stateside, on the earnings front, The Boeing Company (NYSE:BA) is down in electronic trading, despite stronger-than-expected earnings results. This evening, AT&T Inc. (NYSE:T) and Yelp Inc (NYSE:YELP) will both step into the confessional.

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 20 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.36 million call contracts traded on Tuesday, compared to 821,370 put contracts. The resultant single-session equity put/call ratio edged higher to 0.60, while the 21-day moving average remained at 0.70.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.1% at 85.41.
  • Crude oil has tacked on 0.2% to $82.68 per barrel.
  • Elsewhere, gold has shed 0.3% to $1,248.30 per ounce.
Currencies and commodities

Earnings and Economic Data

The latest MBA mortgage index will be released today, along with the consumer price index (CPI), core CPI, and the regularly scheduled crude inventories data. T, BA, General Motors (GM), Yelp, Abbott Laboratories (ABT), Angie's List (ANGI), BE Aerospace (BEAV), Black & Decker (SWK), Cheesecake Factory (CAKE), Citrix Systems (CTXS), Dow Chemical (DOW), EMC Corporation (EMC), Lumber Liquidators (LL), Norfolk Southern (NSC), Sallie Mae (SLM), Skechers (SKX), Thermo Fisher Scientific (TMO), Tractor Supply (TSCO), and Xerox (XRX) will unveil earnings.

Overseas Trading

Stocks in Asia largely followed the lead of their U.S. counterparts, getting an additional lift on news of potential bond-buying measures by the ECB. Strong September trade data -- including a seven-month high in exports -- boosted Japan's Nikkei, which rose 2.6%. Elsewhere, Hong Kong's Hang Seng and South Korea's Kospi advanced 1.4% and 1.1%, respectively. The lone outlier was China's Shanghai Composite, which lost 0.6% ahead of tomorrow's HSBC flash manufacturing purchasing managers index (PMI).

European indexes are slightly higher on the aforementioned stimulus speculation, despite financial names feeling the pressure ahead of ECB stress test results, due out Sunday. London's FTSE 100 and France's CAC 40 are both up 0.1%, while Germany's DAX has added 0.2%.

Overseas markets

Unusual Put and Call Activity:

For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations.

Unusual options activity - puts

Unusual options activity - calls


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