Dow Jones Industrial Average Futures Falter as Earnings Weigh

The Bright Side to October Volatility Spikes

Oct 14, 2015 at 9:04 AM
facebook twitter linkedin

A day after its win streak came to an end, futures on the Dow Jones Industrial Average (DJIA) are waffling -- but were last seen slightly lower -- as traders offer a chilly reception to the latest round of blue-chip earnings. Specifically, both Intel Corporation (NASDAQ:INTC) and JPMorgan Chase & Co. (NYSE:JPM) are trading lower ahead of the bell following their latest quarterly reports. There's plenty of data on tap this morning, too, with retail sales and the producer price index (PPI) both falling short of consensus estimates. Later in the session, the Fed's Beige Book is set to drop.

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


And now, on to the numbers…


Futures on the Dow Jones Industrial Average (DJIA) are roughly 11 points below fair value.

5 Things You Need to Know Today


  1. Stocks in Asia and Europe were pressured lower today, thanks to the latest batch of lackluster economic data out of China.
  2. The Chicago Board Options Exchange (CBOE) saw 565,079 call contracts traded on Tuesday, compared to 452,778 put contracts. The resultant single-session equity put/call ratio jumped to 0.80, while the 21-day moving average slipped to 0.75. 
  3. Delta Air Lines, Inc. (NYSE:DAL) reported better-than-expected quarterly earnings and revenue, boosting the shares 1.6% in pre-market trading. Historically speaking, though, the stock tends to make even bigger post-event moves.
  4. The U.S. Department of Justice continues to stay busy, reportedly setting its sights on investment bank Goldman Sachs Group Inc (NYSE:GS) for its possible role in a Malaysian corruption scandal, according to The Wall Street Journal's sources.
  5. Apple Inc. (NASDAQ:AAPL) -- which has been churning on fears of waning iPhone demand -- is 0.7% lower ahead of the bell after the company lost a processor patent dispute to the University of Wisconsin. The company faces potential damages that could reach $862 million.


Earnings and Economic Data


The data flow picks up today, with business inventories and the Fed's latest Beige Book report due out. Bank of America (BAC), Wells Fargo (WFC), BlackRock (BLK), Netflix (NFLX), and Xilinx (XLNX) will all announce earnings. To see what else is coming up on this week's docket, click here.


Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners