Dow Looks North as Investors Cheer Boeing, Apple

Apple Inc (AAPL) and Boeing Co (BA) both topped quarterly expectations

Jan 28, 2015 at 8:27 AM
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The Dow Jones Industrial Average (INDEXDJX:DJI) is set to open sharply higher, ahead of this afternoon's Federal Open Market Committee (FOMC) policy decision. The risk-on attitude is being sparked by earnings beats from Dow component Boeing Co (NYSE:BA), as well as tech heavyweight Apple Inc. (NASDAQ:AAPL) -- a welcome break from yesterday's raft of weak reports, which sparked a huge sell-off. Looking ahead, Facebook Inc (NASDAQ:FB) will divulge quarterly numbers after the close.

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 roughly 98 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 945,523 call contracts traded on Tuesday, compared to 716,428 put contracts. The resultant single-session equity put/call ratio jumped to 0.76, while the 21-day moving average edged up to 0.67.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.1% at 94.10.
  • Crude oil is down 1.5% at $45.55 per barrel.
  • Gold looks ready to give back some of yesterday's gains, off 0.1% at $1,291.50 per ounce.
Currencies and commodities

Earnings and Economic Data

Crude inventories and the FOMC policy announcement come out today. FB, AmerisourceBergen (ABC), Anthem (ANTM), Biogen Idec (BIIB), Cirrus Logic (CRUS), Citrix Systems (CTXS), EMC Corporation (EMC), Fiat Chrysler (FCAU), General Dynamics (GD), Hess (HES), International Game Technology (IGT), International Paper (IP), Las Vegas Sands (LVS), Meritor (MTOR), Progressive (PGR), QUALCOMM (QCOM), Steel Dynamics (STLD), T. Rowe Price (TROW), Tractor Supply (TSCO), and Vertex Pharmaceuticals (VRTX) will report earnings.

Overseas Trading

Asian markets ended mixed, as investors took a cautious approach ahead of today's Fed policy statement. China's Shanghai Composite was the biggest mover, losing 1.4% on continued worries over sagging industrial profits. Elsewhere, South Korea's Kospi tacked on 0.5%, while Hong Kong's Hang Seng and Japan's Nikkei gained 0.2% each -- the latter boosted by strength among exporters.

European bourses are sitting mostly lower, with a sell-off among Greek banking stocks weighing on sentiment throughout the region. At last check, London's FTSE 100 was 0.1% south of breakeven, and France's CAC 40 has given back 0.5%. However, the German DAX is bucking the bearish trend, up 0.3%, helped by a strong consumer confidence survey.

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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