Dow Jones Industrial Average Pops on Jobs Friday; U.K. Stocks Soar

Can Dow Add Triple Digits on Payrolls? Plus, Big Moves from 2 Beverage Stocks

May 8, 2015 at 8:23 AM
facebook twitter linkedin


The Dow Jones Industrial Average (DJIA) is pointed solidly higher ahead of the much-anticipated nonfarm payrolls report -- which could impact the timing of a Fed interest-rate hike. Yesterday, the blue-chip index bounced back from a two-day sell-off, but needs to gain more than 100 points today to secure a week-over-week win. Across the pond, European markets are rallying on a surprise win by the Conservative Party in the U.K. parliamentary election.

 

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

And now, on to the numbers…

150508ov1

Futures on the Dow Jones Industrial Average (DJIA) are roughly 58 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 751,025 call contracts traded on Thursday, compared to 519,715 put contracts. The resultant single-session equity put/call ratio dipped to 0.69, while the 21-day moving average remained at 0.64.

150508OV2

150508OV3

Currencies and Commodities

  • The U.S. dollar index is up 0.2% at 94.78.
  • Crude oil is 0.7% higher to trade at $59.36 per barrel.
  • Gold has edged 0.1% north to $1,183.90 per ounce.

150508ov4

 

Earnings and Economic Data

 

Closing out the week is the nonfarm payrolls report. As for earnings, we'll hear from AOL (AOL), JD.com (JD), Blue Nile (NILE), and WhiteWave Foods (WWAV). To see what's on next week's agenda, click here.

 

Overseas Trading

 

Asian markets got a lift from Wall Street's Thursday rebound, finishing mostly higher. The Shanghai Composite soared 2.3% -- snapping a three-day cold spell -- as disappointing international trade numbers bolstered hopes of additional stimulus. Hong Kong's Hang Seng and Japan's Nikkei followed suit, rallying 1.1% and 0.5%, respectively. The lone outlier was South Korea's Kospi, which gave back 0.3%.

 

European stocks are higher at midday, with London's FTSE 100 up 2% on a surprise win by the Conservative Party in parliamentary elections. On a similar note, the French CAC 40 has popped 1% and the German DAX has advanced 0.7%.

 

150508ov5

 

Unusual Put and Call Activity

 

150508OV6

 

150508OV7


 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners