Dow Jones Industrial Average Futures Falter as Earnings Weigh

The Bright Side to October Volatility Spikes

by Alex Eppstein

Published on Oct 14, 2015 at 9:04 AM

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.

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
Wall Street Reclaims Two Key Trendlines This Week
U.S.-China tensions and dire economic data still weigh, though
Dell Stock Jumps on Upbeat First Quarter
DELL announced an upbeat first-quarter report
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.