Morning Preview: May 1st, 2017

eOptionDaily Market Insights

Stock futures are edging higher to start the week, though most Asian and European markets are closed for holiday as markets prepare for another very busy week of corporate earnings and economic data, which is highlighted by an FOMC meeting on Wednesday (though no changes are expected) and a monthly jobs report released on Friday. The story overnight was Congressional … Read More

Morning Preview: April 28th, 2017

eOptionDaily Market Insights

Stock futures are quiet in the early going, trading in a narrow 5-point range overnight (high 2,388.50 and low 2,383.50) following mixed reactions to earnings results from top tech firms Amazon, Alphabet (both higher), Microsoft, and Intel (lower) overnight. While tech grabs headlines on the earnings overnight, a first reading on U.S. economic growth in Q1 could also drive trading … Read More

Market Review: Nasdaq Closes At A Record High Ahead of Major tech Earnings

eOptionDaily Market Insights

Equity Market Recap Equities ended slightly higher, with new all-time highs for the Nasdaq Composite heading into a pivotal evening for tech space as AMZN, GOOGL, MSFT and INTC (among others) are expected to report quarterly results in a week that has been dominated by stronger earnings thus far. The Russell 2000 index, which has outperformed other major averages over … Read More

Mid-Day Outlook: April 27th, 2017

eOptionDaily Market Insights

Equities are mixed early, with technology outperforming (another new high for the Nasdaq Comp) after the busiest morning of the earnings season thus far and ahead of results from major tech firms tonight (AMZN, GOOG, MSFT, INTC). Energy a big drag on markets early, with E&P and service names lower on mixed results in group and lower oil prices. Massive … Read More

Morning Preview: April 27th, 2017

eOptionDaily Market Insights

Stock futures are trading sideways early, holding near record highs, as markets prepare for another earnings onslaught, highlighted by tech giants Amazon, Alphabet (GOOGL) and Microsoft after the close tonight, all of which are trading near record all-time levels. There are also a handful of economic data points that could move the needle today, with jobless claims, durable goods and … Read More

Market Review: Stocks Fail To Hold Gains After White House Releases Tax Plan

eOptionDaily Market Insights

Equity Market Recap Stocks ended little changed, slipping into the close, as the Russell 2000 index managed to post an all-time closing high, though the Nasdaq Composite slipped after touching fresh intraday highs earlier. There were many moving parts that had stocks higher, from another round of strong earnings, the Trump tax plan details announced, continued strength out of Europe … Read More

Mid-Day Outlook: April 26th, 2017

eOptionDaily Market Insights

Equities are modestly higher after the S&P posted its biggest two day rally in nearly 6-months yesterday, as major averages are holding early gains, and the Nasdaq Comp touches another all-time high for a second straight day. Earnings and policy leading markets higher (no talk of FOMC in over a week), as Treasury Secretary Steven Mnuchin confirmed on Wednesday that … Read More

Morning Preview: April 26th, 2017

eOptionDaily Market Insights

U.S. futures are poised to open higher ahead of an expected day of busy earnings reports and the expectations of significant corporate tax cuts from the Trump administration. The Trump administration is due to reveal a “massive” tax package later on Wednesday that will deliver cuts bigger than “any tax cut ever,” the president has said. Overnight, reports out of … Read More

Market Review: Nasdaq Closes Above 6,000 In Earnings Fueled Rally

eOptionDaily Market Insights

Equity Market Recap New all-time records for the Nasdaq Composite (first close above 6,000) and the small cap Russell 2000 Index (intraday), while the Dow Industrials and S&P 500 trade not far from their record highs. Just a day after surging on macro and geopolitical events (French election results and hopes for Trump tax reform details this week), markets kicked … Read More

Mid-Day Outlook: April 25th, 2017

eOptionDaily Market Insights

Equities in the U.S. surge for a second day, propelled higher yesterday on macro and geopolitical events (French election results and hopes for Trump tax reform details this week), while today’s move is based on continued momentum after strong earnings results from several Dow components. The Nasdaq Composite opened above the 6,000 level for the first time ever, while the … Read More