Futures on the DJIA are poised to bounce, after Thursday's afternoon sell-off
After
taking a turn for the worse Thursday afternoon, the
Dow Jones Industrial Average (DJIA) is pointed higher this morning. With
little in the way of domestic economic data to digest, traders have turned their attention overseas. Specifically,
China's Shanghai Composite sold off sharply today -- and is now nearing bear-market territory -- while Greece still has yet to reach a debt deal with its creditors. The fiscally strapped nation and eurozone leaders will meet tomorrow to try and hash out an agreement ahead of
Tuesday's big debt-repayment deadline.
Continue reading for more on today's market, including:
And now, on to the numbers…
Futures on the Dow Jones Industrial Average (DJIA) are nearly 52 points above fair value.
Market Statistics
The Chicago Board Options Exchange (CBOE) saw 719,633 call contracts traded on Thursday, compared to 467,709 put contracts. The resultant single-session equity put/call ratio jumped to 0.65, while the 21-day moving average remained at 0.60.
Currencies and Commodities
- The U.S. dollar index is up 0.04% at 95.22.
- Crude oil is down 0.3% at $59.50 per barrel.
- Gold is flirting with a 0.1% gain to trade at $1,172.70 per ounce.
Earnings and Economic Data
The week comes to a close with a whimper, with just the final Thomson Reuters/University of Michigan consumer sentiment index. Finish Line (NASDAQ:FINL) will report earnings ahead of the opening bell. To see what's on next week's agenda, click here.
Overseas Trading
For a breakdown of today's trading in Asia and Europe, including Greece's dire situation, read Overseas Trading: China Nears Bear-Market Territory.
Unusual Put and Call Activity
