Dow Jones Industrial Average Gains; Gold Gets Whacked

3 Oil Stocks Getting Drilled

Jul 20, 2015 at 8:38 AM
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The Dow Jones Industrial Average (DJIA) is set to start the week on a positive note, as Greek banks re-open after a three-week closure. Earnings are also in focus, with a number of major companies -- including Morgan Stanley (NYSE:MS), Halliburton Company (NYSE:HAL), and Hasbro, Inc. (NASDAQ:HAS) -- topping expectations, and highly anticipated results from Dow component Apple Inc. (NASDAQ:AAPL) due out tomorrow evening. Meanwhile, the Nasdaq Composite (COMP) looks to extend its hot streak after setting a record high on Friday. Elsewhere, however, it's shaping up to be a rough session for gold bugs, with the precious metal dropping to five-year lows in Asian trading today.

 

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 23 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Friday, compared to 679,313 put contracts. The resultant single-session equity put/call ratio fell to 0.55, while the 21-day moving average remained at 0.68.

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Currencies and Commodities

  • The U.S. dollar index is up 0.1% at 97.99.
  • Crude oil has given back 0.3% to trade at $51.06 per barrel.
  • Gold has fallen 1.7% at $1,112.70 per ounce.

 

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Earnings and Economic Data

 

There are no notable economic reports on today's docket. On the earnings front, International Business Machines (IBM), Cal-Maine Foods (CALM), Rambus (RMBS), Steel Dynamics (STLD), and Zions Bancorp (ZION) will report. Meanwhile, PayPal (PYPL) is set to start publicly trading on the Nasdaq. 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, including China's new Internet finance regulations, read Overseas Trading: European Markets Rally as Greek Banks Open for Business.

 

 

Unusual Put and Call Activity

 

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