The DJIA is set for a slow start, while the COMP is poised to take aim at new highs
Futures on the
Dow Jones Industrial Average (DJIA) are lower this morning, as Wall Street looks toward updates on inflation, housing starts, and consumer sentiment -- on the heels of Fed Chair Janet Yellen's remarks Thursday on
the central bank's rate-hike timeline -- along with earnings from blue chip
General Electric Company (NYSE:GE). However, it appears as if the
Nasdaq Composite (COMP) could steal the show -- with the tech-heavy index set to
make history once again, thanks to a big earnings win for
Google Inc (NASDAQ:GOOGL). Additionally, traders will keep one eye trained overseas, after
Germany's parliament chimed in on Greece's bailout proposal.
Continue reading for more on today's market, including:
And now, on to the numbers…
Futures on the Dow Jones Industrial Average (DJIA) are more than 26 points below fair value.
Market Statistics
The Chicago Board Options Exchange (CBOE) saw 969,909 call contracts traded on Thursday, compared to 688,171 put contracts. The resultant single-session equity put/call ratio jumped to 0.71, while the 21-day moving average remained at 0.68.
Currencies and Commodities
- The U.S. dollar index is down 0.1% at 97.59.
- Crude oil is off 0.3% at $51.08 per barrel.
- Gold is 0.1% lower at $1,143.20 per ounce.
Earnings and Economic Data
The week wraps up with the consumer price index (CPI), core CPI, housing starts, and the Thomson Reuters/University of Michigan consumer sentiment index. While several companies are releasing earnings -- including Honeywell (HON) -- all eyes will be on GE, with shares of the industrial conglomerate up 1.6% ahead of the 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 Hong Kong's big week, read Overseas Trading: Europe Stocks Mixed as Germany Weighs In on Greece.
Unusual Put and Call Activity
