Futures Point Lower Monday; Tyson Foods Rises Following Earnings

First Look

Futures are pointed lower Monday morning. Federal Reserve Governor Christopher Waller dampened spirits following the CPI-related rally, warning that policymakers still have "a ways to go" before ending rate hikes. Cryptos are higher this morning after Binance CEO Changpeng Zhao said the company would set up an industry recovery fund in the wake of the FTX fallout. Lastly, Tyson Foods (TSN) is up 1.91% despite missing earnings and revenue estimates, as the company guided full-year 2023 revenues above consensus. The Dow Jones is down -0.15%, the S&P is down -0.28%, the Nasdaq is down -0.48%.

Today's Sentiment

Quote of the Day

Discipline is the bridge between goals and accomplishment.
Jim Rohn

Stocks on the Move

International Markets

Stocks in Asia are mixed. The Hang Seng is up 1.7%, the Australia ASX All Ordinaries is flat 0%, the Shanghai SE Composite Index is down -0.13% the Mumbai Sensex is down -0.28% and the Nikkei 225 is down -1.06%. In Europe stocks are up. The DAX is up 0.52%, the Euro Stoxx 50 is up 0.45%, the CAC 40 is up 0.4% and the FTSE 100 is up 0.35%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -1.19 at 87.77 per barrel. Brent crude is down -1.14 at 94.85 per barrel. Natural Gas is up 0.37 at 6.24. Precious metals are down this morning. Gold is down -10.56 at 1760.68 per ounce. Platinum is down -17.25 at 1015.82 while silver is down -0.05 at 21.62. 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. Bitcoin is up 1% to $16,793.25 while Ethereum is up 1.93% to $1,261.93.

Put/Call Ratio

Yesterday, 1,353,326 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,121,481 put contracts. The single-session put/call ratio was 0.83.

Today's Economic Calendar

Earnings Expected Today