Stocks are modestly higher ahead of the open Tuesday. An earnings miss from JP Morgan (JPM) helped to pull futures down from their overnight highs. Asian equities staged a rally on news of potential stimulus from China. The Nasdaq is up 0.49%, the S&P 500 is up 0.16%, the Dow Jones is up 0.02%.
Today's market outlook is Neutral
We must accept finite disappointment, but never lose infinite hope.
Martin Luther King, Jr.
Stocks on the Move
Akamai Technologies, Inc. (AKAM), Freeport-McMoRan Inc (FCX) and Incyte Corporation (INCY) are moving higher this morning, while PG&E Corporation (PCG), Sherwin-Williams Co (SHW) and CBS Corporation Common Stock (CBS) are headed lower. Viacom, Inc. Class B (VIAB), Docusign Inc (DOCU) and Box Inc (BOX) were upgraded by analysts this morning, while VMware, Inc. (VMW), Oracle Corporation (ORCL) and Albemarle Corporation (ALB) were downgraded.
Stocks in Asia are mixed. The Hang Seng is up 2.02%, the Shanghai SE Composite Index is up 1.36%, the Nikkei 225 is up 0.96% the Australia ASX All Ordinaries is up 0.66% and the Mumbai Sensex is down -0.43%. In Europe stocks are mixed. The FTSE 100 is up 0.1%, the CAC 40 is up 0.07%, the Euro Stoxx 50 is down -0.11% and the DAX is down -0.21%.
Futures and Currencies
Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.81 at 51.32 per barrel. Brent crude is up 0.95 at 59.94 per barrel. Natural Gas is up 0.01 at 3.6. Precious metals are down this morning. Gold is down -2.55 at 1289.17 per ounce. Platinum is down -3.02 at 799.11 while silver is down -0.07 at 15.62. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Yesterday, 878,155 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 568,896 put contracts. The single-session put/call was 0.65 while the 20-day moving average is now at 0.72.
Day's Range:$277.40 - $279.36
52-week Range:$293.94 - $233.76
Day's Range:$259.01 - $260.41
52-week Range:$269.28 - $216.97
Day's Range:$171.90 - $173.01
52-week Range:$187.53 - $143.46
Today's Economic Calendar
|What's Happening||Period||Release Time|
|Empire State Manufacturing Survey||Jan||08:30|