Dow Jones Industrial Average Futures Spike on ECB Stimulus

Why Amazon's Rally Could Be Far From Over

Mar 10, 2016 at 8:59 AM
facebook twitter linkedin

Dow Jones Industrial Average (DJIA) futures are signaling a sharp move to the upside today, as stocks react to a massive stimulus announcement from the European Central Bank (ECB) -- one that ECB President Mario Draghi has been hinting about for some time. Specifically, the ECB this morning lowered its key interest rate to zero, dropped its deposit rate by 10 basis points to negative 0.4%, and boosted its monthly bond purchases. Against this backdrop, Dow futures are up triple digits, while futures on the S&P 500 Index (SPX) are trading 19 points above fair value.

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


Futures on the Dow Jones Industrial Average (DJIA) are 157 points above fair value.

5 Things You Need to Know Today


  1. China's Shanghai Composite suffered a steep loss on rising food prices, while European stocks are soaring in the wake of the ECB's decision.
  2. The Chicago Board Options Exchange (CBOE) saw 606,850 call contracts traded on Wednesday, compared to 411,459 put contracts. The resultant single-session equity put/call ratio fell to 0.68, while the 21-day moving average edged down to 0.71.  
  3. Shares of Canadian Solar Inc. (NASDAQ:CSIQ) are down 5.1% in electronic trading, after the solar power company offered up lower-than-expected current-quarter and full-year revenue outlooks. As expected, however, the company's fourth-quarter revenue exceeded previous guidance, and arrived above forecasts.
  4. In its latest effort to boost user interaction, Facebook Inc (NASDAQ:FB) announced it has purchased Masquerade Technologies Inc -- maker of face-swapping app MSQRD -- for an undisclosed amount. Shares of FB are 0.7% higher ahead of the bell.
  5. Similar to several of its cloud-sector peers, Box Inc (NYSE:BOX) is set to soar after topping earnings estimates. Specifically, the firm's adjusted fourth-quarter loss of 26 cents on sales of $85 million beat expectations. BOX shares are up 15.6% in pre-market trading.

OV buzz stocks 0310

Earnings and Economic Data

The Treasury budget will be released today, along with earnings from El Pollo Loco (LOCO), Dollar General (DG), Plug Power (PLUG), Sunrun (RUN), VeriFone (PAY), and Zumiez (ZUMZ). To see what else is on this week's agenda, click here.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners