Morning Update: Stocks rise as trade fears fade

First Look

Stocks are again pointed higher ahead of the open Tuesday. With no new trade or geopolitical developments overnight, the dollar and Treasuries are slipping, while most equity gauges around the world are higher. The Dow Jones is up 0.32%, the Nasdaq is up 0.25%, the S&P 500 is up 0.18%.

Today's market outlook is Neutral

A man who dares to waste one hour of time has not discovered the value of life.
Charles Darwin

Stocks on the Move

TechnipFMC PLC (FTI), Nektar Therapeutics (NKTR) and Red Hat Inc (RHT) are moving higher this morning, while DENTSPLY SIRONA Inc (XRAY), SCANA Corporation (SCG) and Marriott International Inc (MAR) are headed lower. Alnylam Pharmaceuticals, Inc. (ALNY), SeaWorld Entertainment Inc (SEAS) and Illumina, Inc. (ILMN) were upgraded by analysts this morning, while Wynn Resorts, Limited (WYNN), CBS Corporation Common Stock (CBS) and Zillow Group Inc Class C (Z) were downgraded.

International Markets

Stocks in Asia are mixed. The Shanghai SE Composite Index is up 2.74%, the Hang Seng is up 1.54%, the Nikkei 225 is up 0.69% the Mumbai Sensex is down -0.07% and the Australia ASX All Ordinaries is down -0.29%. In Europe stocks are up. The Euro Stoxx 50 is up 1.75%, the FTSE 100 is up 1.56%, the CAC 40 is up 0.84% and the DAX is up 0.81%.

Futures and Currencies

Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.74 at 69.75 per barrel. Brent crude is up 1.1 at 74.85 per barrel. Natural Gas is up 0.01 at 2.87. Precious metals are up this morning. Gold is up 6.56 at 1214.2 per ounce. Platinum is up 11.87 at 834.71 while silver is up 0.13 at 15.48. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound.

Put/Call Ratio

Yesterday, 883,603 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 550,287 put contracts. The single-session put/call was 0.62 while the 20-day moving average is now at 0.63.

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  • Last Price:
    $260.57
  • Previous Close:
    $265.37
  • Day's Range:
    $259.85 - $264.03
  • 52-week Range:
    $293.94 - $252.92
  • Last Price:
    $241.42
  • Previous Close:
    $246.27
  • Day's Range:
    $240.82 - $244.83
  • 52-week Range:
    $269.28 - $233.20
  • Last Price:
    $160.93
  • Previous Close:
    $165.10
  • Day's Range:
    $160.70 - $163.81
  • 52-week Range:
    $187.53 - $150.13

Today's Economic Calendar

What's Happening Period Release Time
JOLTS - Job Openings Jun 10:00
Consumer Credit Jun 15:00

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