Dow Futures Lower as Investors Unpack Stellar 2021

All three major indexes experienced a solid year of gains

Deputy Editor
Dec 31, 2021 at 9:18 AM
facebook twitter linkedin

Futures on the Dow Jones Industrial Average (DJI) are down 60 points before the bell, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures lay flat, as all three benchmarks look to close out a year of impressive gains. Meanwhile, bond yields are inching lower today, but the 10-year and 30-year Treasury yields are on track for their largest yearly gains since 2013.

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

  • Conn stock nearly doubled in price this past year. 
  • A look at AMAT after its recent record high.  
  • Plus, PTON receives a downgrade; LXRX rises on FDA buzz; and MP slides on shelf offering.   

Futures Dec31

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.6 million call contracts traded on Thursday, and 819,016 put contracts. The single-session equity put/call ratio fell to 0.49, and the 21-day moving average stayed at 0.48.
  2. JMP Securities downgraded Peloton Interactive Inc (NASDAQ:PTON) to "market perform" from "market outperform," after the company's website saw a decline in visits in December. PTON is down 1.8% pre-market in response. On the charts, the descending 20-day moving average helped push the stock to its recent Dec. 29 annual low.
  3. Lexicon Pharmaceuticals, Inc (NASDAQ:LXRX) is up 4.8% in electronic trading, after the biopharmaceutical name filed a drug application to the U.S. Food & Drug Administration (FDA) for sotagliflozin, its treatment for heart failure in adults with type 2 diabetes. Year-to-date, the equity is up 21.9%.
  4. MP Materials Corp (NYSE:MP) is down 1.3% before the bell, after the rare-earth materials company filed for a mixed shelf offering of up to $2 billion in debt securities. The equity is looking to close out the year with a gain, up 40.6% for 2021.

  5. There is no economic data to report.

Asian, European Markets Greet Final Day of the Year

Asian stocks popped on the final day of the year, with most markets closing early or closed for the New Years Eve holiday. The Hong Kong Hang Seng surged 1.2%, led by tech stocks, while the Shanghai Composite rose 0.6%, as investors eyed factory data out of the country, specifically the official manufacturing Purchasing Managers’ Index (PMI), which rose 50.3 in December from 50.1. Meanwhile, the Nikkei in Japan and the South Korean Kospi were closed.

European markets are looking to cap the holiday shortened day on a mostly high note, with all three indexes eyeing notable yearly gains. At last check, the French CAC 40 and London FTSE 100 are down 0.3%, and the German DAX closed for the holiday.


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!



Special Offers from Schaeffer's Trading Partners