Dow Jones Industrial Average Futures Down 217 Points on Earnings

Several Dow components posted disappointing earnings this morning

by Alex Eppstein

Published on Jan 27, 2015 at 8:27 AM
Updated on Apr 20, 2015 at 5:32 PM

The Dow Jones Industrial Average (INDEXDJX:DJI) is sitting deep in the red this morning, as Winter Storm Juno descends on the East Coast. Also, a number of companies reported lackluster earnings and/or guidance this morning -- including Dow components Caterpillar Inc. (NYSE:CAT), Procter & Gamble Co (NYSE:PG), and Pfizer Inc. (NYSE:PFE) -- creating headwinds. Looking ahead, a raft of economic data -- including durable goods orders -- will hit the Street this morning, while Apple Inc. (NASDAQ:AAPL) will lead a number of high-profile companies into the earnings confessional this evening.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are roughly 217 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 865,102 call contracts traded on Monday, compared to 568,997 put contracts. The resultant single-session equity put/call ratio edged down to 0.66, while the 21-day moving average remained at 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index has dipped 0.2% at 94.62.
  • Crude oil is off 0.1% at $45.09 per barrel.
  • Gold appears ready to rebound, up 0.1% at $1,281.80 per ounce.
Currencies and commodities

Earnings and Economic Data

Today's packed docket includes durable goods orders, the S&P/Case-Shiller home price index, new home sales, and the consumer confidence index. Additionally, the Federal Open Market Committee (FOMC) will begin its two-day policy setting meeting. 3M (MMM), AT&T (T), CAT, DuPont (DD), PFE, PG, United Technologies (UTX), AAPL, Yahoo (YHOO), AK Steel (AKS), American Airlines (AAL), Amgen (AMGN), Bristol-Myers Squibb (BMY), Coach (COH), Corning (GLW), Electronic Arts (EA), Freeport-McMoRan (FCX), Illumina (ILMN), Juniper Networks (JNPR), Lockheed Martin (LMT), Novartis AG (NVS), Peabody Energy (BTU), U.S. Steel (X), VMware (VMW), and Western Digital (WDC) will step into the earnings spotlight.

Overseas Trading

Asian bourses were split, as traders digested Greece's future in the eurozone and strength in U.S. equities. Japan's Nikkei soared, tacking on 1.7%, helped by a softer yen. Also finishing higher was South Korea's Kospi, which added 0.9%. However, Hong Kong's Hang Seng gave back 0.4%, taking its cue from China's Shanghai Composite -- which dropped 0.9% on news that industrial profits tumbled 8% year-over-year.

Stocks in Europe are pointed lower amid ongoing consternation over Greece's snap election results and a round of disappointing earnings. At midday, London's FTSE 100 is down 0.4% on a worse-than-anticipated gross domestic product (GDP) flash reading. Meanwhile, Germany's DAX and France's CAC 40 are 1.2% and 1.1% lower, respectively.

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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