Dow Jones Industrial Average Signals a Triple-Digit Start on Greece Deal

Street Celebrates Greek Deal; Plus, Is the Netflix Stock Split Really a Positive?

Jul 13, 2015 at 8:40 AM
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The Dow Jones Industrial Average (DJIA) is ready to pick up right where it left off, with futures on the blue-chip barometer eyeing a triple-digit lead. Spurring the risk-on attitude is upbeat news from overseas, where Greece and eurozone leaders hashed out a three-year bailout agreement. While the details of the deal still need to be finalized, it appears a "Grexit" will be avoided. Back on the homefront, today's earnings and economic calendars are relatively bare -- with the Treasury budget the sole data point on the docket -- however, the financial sector should garner some attention later this week, with earnings from a number of big names due.

 

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 nearly 108 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 768,790 call contracts traded on Friday, compared to 516,646 put contracts. The resultant single-session equity put/call ratio dropped to 0.67, while the 21-day moving average remained at 0.68.

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Currencies and Commodities

  • The U.S. dollar index is up 0.4% at 96.41.
  • Crude oil is down 1% at $52.67 per barrel.
  • Gold is 0.2% lower at $1,155.40 per ounce.

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Earnings and Economic Data

 

Today's news slate is light, with the Treasury budget the only report of note. There are no notable earnings reports today, but Kroger Co. (KR) shares will split after the bell. To see what else is on this week's agenda, click here

 

Overseas Trading

 

For a breakdown of today's trading in Asia and Europe, read Overseas Trading: Greece Lifeline Lifts Global Markets.

Unusual Put and Call Activity

 

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