U.S. futures decline with Europe, Asia
Evan McDaniel | evan.mcdaniel@optionmonster.com
SPX:
SEE CHART
GET CHAIN
U.S. equity index futures are indicating a negative open to start the week.
S&P 500 futures are down 5.25 points, or 0.39 percent, to 1346.50 as of this writing. Nasdaq 100 contracts are off 0.18 percent to 2604.25.
European indexes are trading lower, led by a 0.41 percent drop in the U.K. FTSE 100 and a 0.13 percent decline in the German DAX. Asian markets fared far worse as Hong Kong's Hang Seng plunged 1.88 percent Japan's Nikkei 225 shed 1.37 percent.
Commodity markets are largely positive, with crude-oil futures up 0.15 points to 84.62. Copper contracts are holding onto the 3.40 support level at 3.413, a gain of 0.08 percent.
In currency markets, the euro/dollar is up 0.0026 points, or 0.21 percent, to 1.2309. That is contributing to the bid in commodities this morning.
Spot gold prices are higher by 4.60 points, or 0.28 percent, to 1583.40, while silver futures are up 1 percent to 27.19.
In stock-specific news, Amerigroup is soaring some 39 percent on news that it is being acquired by WellPoint for nearly $5 billion.
U.S. banks are trading mostly lower, with JP Morgan and Bank of America leading to the downside.
Related Stories
SPX Stocks attempt to stage a rebound
May 17, 2013
The main catalyst for the buyers appears to be coming from Asia, where Tokyo and Shanghai indexes rallied overnight amid positive Japanese economic data and signs that Chinese authorities will reduce economic regulations.
SPX Equities are hovering at record levels
May 16, 2013
S&P 500 futures are indicated to open fractionally lower but have been nudging higher throughout the morning. The Nasdaq is up almost two-tenths of a percent after strong numbers from Cisco.
SPX Equities in range after big gains
May 15, 2013
S&P 500 futures are little-changed, while most European indexes are posting small gains. Asian markets were mostly positive overnight, led by a 2 percent rally in Tokyo.
SPX Wide range of events on calendar
May 15, 2013
German, France, and Italy will report preliminary gross domestic product numbers early in the morning, which could affect sentiment before the opening bell.
SPX Another record day on Wall Street?
May 14, 2013
S&P 500 futures are fractionally higher after earlier falling by more than one-tenth of a percent. Europe is also fighting its way back to positive after posting slightly larger declines.