U.S. stocks are lower Wednesday morning. Traders have been quiet for the first two days of this week in anticipation of the start of earnings season, which gets underway in earnest this week. Today will also bring the release of the minutes from the most-recent meeting of the Federal Reserve’s Open Market Committee. The Dow Jones is down -0.08%, the S&P 500 is down -0.13%, the Nasdaq is down -0.16%.
Today's market outlook is Neutral
It is not living that matters, but living rightly.
Stocks on the Move
Best Buy Co Inc (BBY), Chesapeake Energy Corporation (CHK) and Southwest Airlines Co (LUV) are moving higher this morning, while Micron Technology, Inc. (MU), Exelon Corporation (EXC) and Kroger Co (KR) are headed lower. Mastercard Inc (MA), Colgate-Palmolive Company (CL) and Paypal Holdings Inc (PYPL) were upgraded by analysts this morning, while Sony Corp (ADR) (SNE), Bojangles Inc (BOJA) and Coach Inc (COH) were downgraded.
Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.58%, the Nikkei 225 is up 0.28%, the Shanghai SE Composite Index is up 0.16% the Mumbai Sensex is down -0.28% and the Hang Seng is down -0.36%.Stocks in Europe are down. The CAC 40 is down -0.41%, the FTSE 100 is down -0.19%, the Euro Stoxx 50 is down -0.15% and the DAX is down -0.14%.
Futures and Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.05 at 50.87 per barrel. Brent crude is down -0.15 at 56.46 per barrel. Natural Gas is up 0.05 at 2.94. Precious metals are mixed this morning. Gold is up 2.48 at 1290.51 per ounce. Platinum is up 0.05 at 932 while silver is down -0.03 at 17.18. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, down against the Yen and up against the Pound.
Yesterday, 832,289 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 452,119 put contracts. The single-session put/call was 0.54 while the 20-day moving average is now at 0.63.
Earnings Expected Today
Day's Range:$298.22 - $299.19
52-week Range:$301.13 - $233.76
Day's Range:$271.96 - $272.93
52-week Range:$273.99 - $216.97
Day's Range:$192.29 - $193.60
52-week Range:$194.19 - $143.46
Today's Economic Calendar
|What's Happening||Period||Release Time|
|MBA Mortgage Applications Index||10/07||07:00|
|JOLTS - Job Openings||Aug||10:00|