Dow Futures Point Toward Another Up Day for Stocks

The Dow is searching for a second straight win in thin trading

Dec 28, 2017 at 9:03 AM
facebook twitter linkedin

Stock futures are signaling a higher open, as the Dow Jones Industrial Average (DJIA) looks for a second straight win. Trading volume is likely to stay muted ahead the start of the new year, but investors will have some economic data to digest nonetheless. Weekly jobless claims this morning came in higher than expected, with 245,000 people filing for unemployment benefits, compared to 240,000 forecast. Later on, domestic crude inventories and international trade data will come out. Bitcoin should also continue to grab headlines, after South Korea announced new regulations for the cryptocurrency.

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

stocks today

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 577,530 call contracts traded on Wednesday, compared to 315,080 put contracts. It was the lightest call volume since Black Friday's short session, and the lightest put volume since the July 3 short session. The single-session equity put/call ratio moved down to 0.55, while the 21-day moving average stayed at 0.57.
  2. J.B. Hunt Transport Services Inc (NASDAQ:JBHT) stock is trading 1.7% lower before the open, after the company issued fourth-quarter sales guidance below expectations. JBHT stock just touched a record high of $115.74 two days ago, and sports a year-to-date lead of 19%.
  3. Mobile marketing specialist Live Ventures Inc (NASDAQ:LIVE) stock is set to jump 81% at the open, thanks to better-than-expected full-year revenue and news it's requested an extension for its 10-K filing. If the huge move comes to fruition, LIVE stock could eke into the black on a year-to-date basis.
  4. Meanwhile, a number of blockchain stocks are falling hard before the open, after South Korea took steps to regulate cryptocurrency trading. Longfin Corp (NASDAQ:LFIN), Long Island Iced Tea Corp (NASDAQ:LTEA), and  Riot Blockchain Inc (NASDAQ:RIOT) stocks are all signaling sharply lower opens.
  5. The earnings schedule is bare today.

stock market news december 28

Overseas Trading

Most Asian markets settled higher today, despite persistently low holiday trading volume. Copper prices continued to climb following Wednesday's well-received import data out of China, while tech stocks recovered from Apple-related losses earlier in the week. By the close, South Korea's Kospi advanced 1.3%, Hong Kong's Hang Seng jumped 0.9%, and China's Shanghai Composite added 0.7%. However, Japan's Nikkei ended lower, losing 0.6% on strength in the yen.

It's a quiet session in Europe at midday, with regional indexes hovering close to the breakeven line amid a general lack of news- or data-driven catalysts. Likewise, Brent crude futures are nearly flat, as oil continues to cool its heels after setting a two-year high earlier this week. At last look, London's FTSE 100 is up 0.2%, while the French CAC 40 and German DAX have dipped about 0.2% each.


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