Dow Diamonds seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Dow Jones Industrial AverageSM.
See more details on sponsor's website
Stock futures point to a moderate opening decline following disappointing earnings reports from Google and IBM last night, and ahead of results before the bell from GE, Goldman Sachs, Morgan Stanley, and Chipotle, among others.
Failing to respond to yesterday's rally in the States, Europe is moderately lower and Asia was little-changed overnight.
The 10-year Treasury yield is up one basis point at 2.65% and gold is down 0.4% to $1,299 per ounce.
Stock futures are poised to open higher amid a sizable global rally, with the Nikkei's 3% advance and Italy's 2% gain leading the way. Shanghai was marginally higher overnight amid a faster-than-expected GDP report, and the rest of the European indexes are ahead about 1%.
The 10-year Treasury yield is up by 2 basis points to 2.65% and gold is up a couple of dollars at $1,303 per ounce.
Later this morning we get housing starts, and this afternoon Janet Yellen speaks.
The DJIA (DIA -0.4%) is off only marginally, but the Nasdaq 100 (QQQ -1.4%) and Russell 2000 (IWM -1.8%) are again suffering sharp falls in mid-morning action. Hit particularly hard again is the biotech sector (IBB -3.4%), and money is flowing into consumer stapes (XLP +0.3%) and utilities (XLU +0.4%).
Stocks are set to take a slight breather at the open after a big two-day run higher. Yesterday's dovish FOMC minutes capped by remarks from Chicago Fed boss Charles Evans continues to hold effect in the bond market, where the 10-year Treasury yield falls another three basis points to 2.66%. News that rate hikes might not be coming as quick as expected has gold staying jiggy as well, up another 1.3% to $1,323 per ounce.
Unable to feed off yesterday's afternoon rally in the States, Europe is off moderately, but Asia was mostly higher overnight, led by a 1.4% gain in Shanghai.
Stock index futures are marginally lower after a couple of ugly sessions, with the best news for stock bulls maybe being a loud, above-the-fold headline on Marketwatch.com that Dennis Gartman is "Scared" and has exited the stock market (in yen terms?).
Europe's off more than 1% and the Nikkei fell another 1.4% overnight, but buying continues in emerging markets, led last night by a 1.9% gain in Shanghai.
The 10-year Treasury yield is up a basis point to 2.71% and gold gets some mojo back, up 1.1% to $1,312 per ounce.
The selloff accelerates, with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) each now lower by 2.3%. Little-changed earlier, selling comes to the S&P 500 (SPY -0.7%) and DJIA (DIA -0.4%).
What's working? Emerging markets for one. Another area of green is the utility sector (XLU +0.9%). Healthcare (XLV -0.8%) would usually get a bid on these days, but it's being dragged down by the continuing liquidation of the biotechs. There are also some pockets of green in basic materials (XLB -0.7%).
Stocks look set to start the second quarter with a positive open in the backdraft of a moderate rally in Europe and a mostly green Asia overnight. S&P 500 (SPY), DJIA (DIA), and Nasdaq 100 (QQQ) futures +0.3%.
European and Chinese PMIs for March were about inline with flash reads from a couple of weeks ago - continued slowdown in China and moderate growth in Europe.
The 10-year Treasury yield is up three basis points to 2.75% and gold is flat at $1,285 per once.
S&P 500 (SPY) futures are up 0.3% and Nasdaq 100 (QQQ) up 0.4% as the early morning action continues to be in the green. The pattern of late has been a reversal of these early morning gains and the averages have generally traded about sideways for the month of March.
Europe's up marginally and Asia was modestly higher overnight.
The 10-year Treasury yield is up three basis points at 2.75% and gold remains below $1,300 per ounce, flat in morning action at $1,295.
Major stock index futures are all ahead about 0.25% as equities look to bounce back from yesterday's slide. The Russell 2000 (IWM) took the biggest hit on Wednesday, falling 1.9%, and it's ahead 0.4% in the premarket.
Europe's essentially flat, and the Nikkei gained 1% overnight while Shanghai dipped 0.8%.
The 10-year Treasury yield bounces a bit from yesterday's big decline, up two basis points to 2.71%, and gold is down 0.6% and below $1,300 per ounce.