Futures Lower Wednesday; Senate Remains Up in the Air as Ballot Results Continue to Come In

First Look

Futures are pointed lower Wednesday morning following initial results from midterm elections yesterday with a red wave not coming to fruition as the Senate remains up in the air and the House is closer than projected. Shares of Walt Disney (DIS) are down over 7% this morning after missing earnings and revenue estimates with the corporation also warning that its streaming service platform, Disney+, could see its growth taper going forward. Meanwhile, AMC Entertainment (AMC) shares are down 3.91% with its Preferred Equity (APE) Units down 6.88% as the firm reported its twelfth consecutive quarterly loss despite higher revenue. AMC also reported that it has sold 14.9 million of its "APE" preferred shares so far. The Nasdaq is down -0.11%, the S&P is down -0.19%, the Dow Jones is down -0.32%.

Today's Sentiment

Quote of the Day

Approach each day with the same mindset that your opportunity can come within a blink of an eye.
Teddy Bridgewater

Stocks on the Move

International Markets

Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.52%, the Mumbai Sensex is down -0.25%, the Shanghai SE Composite Index is down -0.53% the Nikkei 225 is down -0.56% and the Hang Seng is down -1.2%. Stocks in Europe are down. The Euro Stoxx 50 is down -0.44%, the DAX is down -0.43%, the FTSE 100 is down -0.24% and the CAC 40 is down -0.22%.

Futures & Currencies

Energy futures are down today. The price for West Texas Intermediate crude oil is down -1.58 at 87.33 per barrel. Brent crude is down -1.57 at 93.79 per barrel. Natural Gas is down -0.29 at 5.85. Precious metals are down this morning. Gold is down -4.9 at 1707.52 per ounce. Platinum is down -7.06 at 995.07 while silver is down -0.14 at 21.36. 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. Bitcoin is down -10.77% to $17,611.56 while Ethereum is down -17.35% to $1,221.77.

Put/Call Ratio

Yesterday, 2,166,862 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 2,593,353 put contracts. The single-session put/call ratio was 1.2.

Today's Economic Calendar

Earnings Expected Today