Dow Jones Industrial Average Pulls Back; AAPL Climbs

Apple Inc. (AAPL) will make its debut on the Dow Jones Industrial Average (DJIA) today

Mar 19, 2015 at 8:19 AM
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The Dow Jones Industrial Average (DJIA) is poised to pull back after Wednesday's big Fed-influenced rally, with futures pointed modestly lower. On the economic front, traders will digest the latest weekly jobless claims, as well as the Philadelphia Fed's manufacturing index. Additionally, Fed Governor Daniel Tarullo will take the stage later this morning, while Dallas Fed President Richard Fisher bids adieu to the central bank. Among stocks to watch, Apple Inc. (NASDAQ:AAPL) will join the DJIA today, and shares of the tech titan are up about 0.2% ahead of the big debut.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (DJIA) are about 13 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 979,088 call contracts traded on Wednesday, compared to 639,101 put contracts. The resultant single-session equity put/call ratio fell to 0.65, while the 21-day moving average stayed at 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.2% at 98.76.
  • Crude oil is on pace to erase all of Wednesday's Fed-induced gains, off 2.9% at $45.30 per barrel.
  • Gold, meanwhile, is 1.1% higher at $1,163.90 per ounce.
Currencies and commodities

Earnings and Economic Data

Weekly jobless claims and the Philadelphia Fed survey will be released today. Nike (NKE) and Lennar (LEN) will tell all in the earnings confessional.

Overseas Trading

Most Asian benchmarks followed in their U.S. counterparts higher today, thanks to the Federal Reserve's cautious stance on raising interest rates. Hong Kong's Hang Seng rallied 1.5%, China's Shanghai Composite added 0.2% to extend its daily winning streak to seven, and South Korea's Kospi rose 0.5%. Japan's Nikkei sat out the day's uptrend, though, shedding 0.4% on the back of a strengthening yen.

European markets are enjoying modest gains at midday, buoyed by the outcome of Wednesday's Federal Open Market Committee (FOMC) meeting. However, traders are keeping a cautious eye trained on a European Union (EU) summit, where the fiscal state of Greece will be a hot topic. At last check, the French CAC 40 is up 0.2%, London's FTSE 100 is flirting with a 0.1% lead, and the German DAX is 0.02% higher.

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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