First Look
U.S. stock futures have traded on either side of the break-even mark Tuesday morning. Traders are still hoping for a trade deal between the U.S. and China. The latest news on that front are reports from the Chinese Ministry of Commerce that the two sides have "reached consensus" on some issues and will keep talking about other parts of the "phase one" trade deal. A new round of tariffs is set to take effect on Dec. 15, but President Trump could delay or cancel those additional duties. The Dow Jones is up 0.06%, the Nasdaq is up 0.04%, the S&P 500 is up 0.02%.
Today's Sentiment
NeutralQuote of the Day
All pitchers are born pitchers.
Joe DiMaggio
Daily Action Trade
Stocks on the Move
Best Buy Co Inc (BBY), Chipotle Mexican Grill, Inc. (CMG) and Analog Devices, Inc. (ADI) are moving higher this morning, while Dollar Tree, Inc. (DLTR), Hewlett Packard Enterprise Co (HPE) and Dollar General Corp. (DG) are headed lower. Barclays PLC (BCS), Chipotle Mexican Grill, Inc. (CMG) and Deckers Outdoor Corp (DECK) were upgraded by analysts this morning, while Comerica Incorporated (CMA), Molson Coors Brewing Co Class B (TAP) and Tesla Inc (TSLA) were downgraded.
International Markets
Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.79%, the Nikkei 225 is up 0.35%, the Shanghai SE Composite Index is up 0.03% the Mumbai Sensex is down -0.17% and the Hang Seng is down -0.29%. In Europe stocks are mixed. The FTSE 100 is up 0.11%, the CAC 40 is down -0.02%, the Euro Stoxx 50 is down -0.12% and the DAX is down -0.13%.
Futures & Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.12 at 58.13 per barrel. Brent crude is up 0.09 at 63.74 per barrel. Natural Gas is down -0.07 at 2.46. Precious metals are mixed this morning. Gold is up 1.28 at 1456.54 per ounce. Platinum is down -0.16 at 897.21 while silver is flat 0 at 17.02. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound.
Put/Call Ratio
Yesterday, 1,079,589 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 774,354 put contracts. The single-session put/call was 0.72 while the 20-day moving average is now at 0.67.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | Adv. Intl. Trade in Goods | Oct | 08:30 |
| 2 | Adv. Retail Inventories | Oct | 08:30 |
| 3 | Adv. Wholesale Inventories | Oct | 08:30 |
| 4 | FHFA Housing Price Index | Sep | 09:00 |
| 5 | S&P Case-Shiller Home Price Index | Sep | 09:00 |
| 6 | Consumer Confidence | Nov | 10:00 |
| 7 | New Home Sales | Oct | 10:00 |
