Dow Jones Industrial Average Signaling 107-Point Pop

Dow Ready to Add Triple Digits; Plus, Traders React to Amazon Buzz

Jun 1, 2015 at 8:28 AM
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The Dow Jones Industrial Average (DJIA) is set for a strong start to the week, with futures sharply higher this morning. Stocks are looking to bounce back after last week's pummeling, with a heavy dose of economic data due for release. Today's docket includes personal income and spending, the Institute for Supply Management's (ISM) manufacturing index, Markit's purchasing managers index (PMI), and construction spending. Most important, though, is the nonfarm payrolls report that will be released on Friday. 

 

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

 

And now, on to the numbers…

150601Futures

Futures on the Dow Jones Industrial Average (DJIA) are 107.3 points above fair value. 

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 837,624 million call contracts traded on Friday, compared to 474,986 put contracts. The resultant single-session equity put/call ratio edged down to 0.57, while the 21-day moving average dropped to 0.63.

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Currencies and Commodities
  • The U.S. dollar index is up 0.3% at 97.21.
  • Crude oil is off 1.1% at $59.64 per barrel. 
  • Gold is off 0.2% at $1,187.20 per ounce.

150606Currencies

 

Earnings and Economic Data

 

Personal income and spending, Markit's PMI, ISM's manufacturing index, and construction spending will kick off a busy week of economic data. Boston Fed President Eric Rosengren will also speak this morning. There are no earnings reports of note. To see what else is on this week's docket, click here.

 

Overseas Trading

 

Asian bourses finished mostly higher today, led by a surge in Chinese stocks. Specifically, China's Shanghai Composite tallied a 4.7% gain following a well-received government report on the manufacturing sector, making up ground from last Thursday's 6.5% pullback. Elsewhere, Hong Kong's Hang Seng closed 0.6% above breakeven, Japan's Nikkei edged out a 0.03% victory, and South Korea's Kospi gave back 0.6%.

With questions still lingering about Greece's ability to pay back $329 million in debt to the International Monetary Fund (IMF) by week's end, European indexes are hovering near breakeven to start the week. France's CAC 40 held on to a 0.03% lead at last check, while London's FTSE 100 and Germany's DAX were roughly 0.2% and 0.1% lower, respectively. 

150601Overseas

 

Unusual Put and Call Activity

 

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