Dow Jones Industrial Average Futures Gain Ground on Jobs Report

Big Day for M&A; Bad Day for Energy

Jul 2, 2015 at 8:44 AM
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Dow Jones Industrial Average (DJIA) futures have extended their early gains following the release of June's nonfarm payrolls report -- which showed the U.S. added 223,000 jobs last month, falling short of consensus estimates for an increase of 230,000. What's more, job gains for April and May were downwardly revised by a total of 60,000. However, the unemployment rate cooled to 5.3%, just south of the consensus estimate of 5.4%.

Meanwhile, traders are digesting the latest comments from Greek Prime Minister Alexis Tsipras, who in a nationally televised address again called on his fellow citizens to reject the European Union's (EU) bailout proposal -- accusing lenders of "blackmail" and labeling EU leaders "extremist conservative forces." This comes just a day after Tsipras appeared ready to make concessions to creditors, ahead of Sunday's referendum.

 

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

 

And now, on to the numbers…

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Futures on the Dow Jones Industrial Average (DJIA) are roughly 52 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 650,570 call contracts traded on Wednesday, compared to 405,178 put contracts. The resultant single-session equity put/call ratio fell to 0.62, while the 21-day moving average edged up to 0.64.

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Currencies and Commodities

  • The U.S. dollar index is off 0.06% at 96.26.
  • Crude oil is bouncing back, up 0.4% at $57.17 per barrel.
  • Gold has slid 0.7% to trade at $1,161.00 per ounce.

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Earnings and Economic Data

 

The holiday-shortened week comes to a close with quite a bang, with weekly jobless claims and the highly anticipated nonfarm payrolls report on tap, along with May factory orders. There are no earnings reports of note. 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 China's extended slide, read Overseas Trading: Chinese Stocks Tumble; Tsipras Talks Tough.

 

 

Unusual Put and Call Activity

 

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