Morning Preview: April 21st, 2017

eOptionDaily Market Insights

Stock futures are little changed globally, flat in the U.S. while Asia (outside of Japan) and Europe are also mixed. Fundamentals grabbed headlines this week as the first full week of quarterly earnings is in the books, mixed with large cap Dow components mostly disappointing this week. But going into the weekend, macro factors will once again take center-stage with … Read More

Mid-Day Outlook: April 20th, 2017

eOptionDaily Market Insights

Equities bounce after posting solid losses on Wednesday, led today by a rebound in energy and financials shares, while earnings continue to grab headlines. Large cap continues to disappoint as Dow components VZ and TRV shares decline after quarterly results missed, while AXP shares help lift the index on its earnings beat. Crude rallies on headlines that OPEC members behind … Read More

Morning Preview: April 20th, 2017

eOptionDaily Market Insights

After posting triple digit losses for the Dow Industrials yesterday, following a sharp decline in energy prices, U.S. stocks are on track to open the morning higher by about 0.3% across the board. Stocks declined on Wednesday as an early rally in financial companies “petered-out” and as plunging crude oil prices sent energy shares lower. Dow component IBM posted disappointing … Read More

Market Review: Stock Close Lower, DOW Posts 2-Day Drop

eOptionDaily Market Insights

Equity Market Recap Stocks failed to hold early gains as major averages finished mostly lower (though the NASDAQ outperformed), given a sharp pullback in oil prices following bearish inventory data (which weighed heavily on energy stocks). Financials also failed to hold early gains despite a better-than-expected report out of MS today (ahead of banks BBT, BK, KEY reporting tomorrow). The … Read More

Morning Preview: April 19th, 2017

eOptionDaily Market Insights

Stock futures are rising slightly to start the morning, following a rebound in Europe, as markets are led higher on positive sales data in Europe and commodity producers rebounding with metals prices, and ahead of the release of the Federal Reserve’s Beige Book. Dow futures are indicated higher early despite shares of Dow component IBM falling around 4% overnight after … Read More

Market Review: Stocks End Lower, Story Of The Day Were Bonds

eOptionDaily Market Insights

Equity Market Recap Stocks ended the day lower, giving back most of yesterday’s gains, but the stories of the day were bonds and the UK. Bond prices jumped, with yields falling to 5-month lows, as the 10-yr dropped over 8 bps to around 2.165%. The dollar also fell sharply, mostly against the British Pound (rose to 6-month highs) amid developments … Read More

Mid-Day Outlook: April 18th, 2017

eOptionDaily Market Insights

Equities fall (after a brief rebound off lows) as investors get a heavy dose of earnings from Dow components GS (lower on miss), JNJ (lower on mixed results) which weigh on markets (Dow name UNH rises on beat). The Nasdaq Composite turned positive, rising more than 25 points off the lows, despite shares of NFLX falling on quarterly results, but … Read More

Morning Preview: April 18th, 2017

eOptionDaily Market Insights

Stock futures are sliding early after major averages snapped their three-day losing streaks yesterday, in what was a generally strong day for stocks on Monday. However, with earnings out today (and next month) attention turns to fundamentals, though concerns over this weekend’s French election and the U.S.-North Korea tensions may keep a lid on U.S. stock futures. Bonds remain strong … Read More