Dow Jones Industrial Average Futures Signal Fourth Straight Win

The Unusual Skepticism Plaguing Apple

Apr 21, 2016 at 9:11 AM
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Dow Jones Industrial Average ​​(DJIA) futures are above fair value, following Wednesday's third consecutive win and fresh nearly nine-month high. Stocks are responding to another round of big-cap earnings reports, as well as weekly jobless claims, which fell by more than expected to 247,000 -- their lowest level in 42 years. Meanwhile, June crude futures are stable around $44 per barrel, after the International Energy Agency (IEA) said non-OPEC crude oil output would see its biggest decline in 25 years in 2016.

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

Dow Futures April 21

Futures on the Dow Jones Industrial Average (DJIA) are nearly 27 points above fair value.


5 Things You Need to Know Today

 

  1. Stocks in Europe are lower following a central bank decision to leave rates unchanged, and traders are watching ECB President Mario Draghi at the mic.
  2. The Chicago Board Options Exchange (CBOE) saw 756,168 call contracts traded on Wednesday, compared to 514,252 put contracts. The resultant single-session equity put/call ratio edged up to 0.68, while the 21-day moving average remained at 0.69.
  3. SolarCity Corp (NASDAQ:SCTY) is set to pop again today, after ending Wednesday up 7.8%. The stock is pointed 1.5% higher after San Francisco passed a bill that would require new small to midsize residential and commercial buildings to have solar panels installed.
  4. Under Armour Inc (NYSE:UA) is up 3.6% in pre-market trading after reporting higher-than expected earnings, attributed to solid demand for shoes endorsed by NBA superstar Steph Curry. The company also upwardly revised its guidance for full-year revenue.
  5. Also starting the day ahead is Dow stock American Express Company (NYSE:AXP), up 2.3% in electronic trading after reporting earnings and revenue that surpassed analysts' predictions.


Buzz Stocks April 21


Earnings and Economic Data

On the earnings plate today are Microsoft (MSFT), Travelers (TRV), Verizon Communications (VZ), Visa (V), Advanced Micro Devices (AMD), Alaska Air (ALK), GOOGL, Biogen (BIIB), Blackstone (BX), DR Horton (DHI), E*TRADE (ETFC), Fairchild Semiconductor (FCS), Fifth Third Bancorp (FITB), General Motors (GM), Hawaiian Holdings (HA)Norfolk Southern (NSC), Novartis AG (NVS), PulteGroup (PHM), Schlumberger (SLB), Sherwin-Williams (SHW), Starbucks (SBUX), UA, and Union Pacific (UNP). To see what is else is coming up on this week's schedule, click here

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