Stock Indexes And Crude Oil Rallying
Stock index futures are picking up where they left off yesterday. The financial and insurance sectors are leading equities– and futures–higher on news that new legislation will permit them to combine services.
Crude oil, unleaded gas and heating oil are rallying following Mexico’s proposal that major oil producing nations extend production quotas beyond March.
Soybeans, from the Momentum-5 List and Multiple Days Low Volatility lists matched a six-week low.
Dollar index futures are up more than 1%.
Cocoa is trading at a new contract low.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: +1/32 to 111 0/32
• December S&Ps [SPZ9>SPZ9]: +14.50 to 1310.50
• December Dow futures [DJZ9>DJZ9]:+100.0 to 10,480
• December NASDAQ 100 futures [NDZ9>NDZ9]: +30.50 to 2543.50
Currencies
•December dollar index futures [DXZ9>DXZ9]: +1.06 to 98.30
•December Swiss francs [SFZ9>SFZ9]: -.0124 to .6711
•December British pounds [BPZ9>BPZ9]: -.0186 to 1.6584
Energies•December crude [CLZ9>CLZ9]: +.63 to 23.24
•December unleaded gas [HUZ9>HUZ9]: +.0137 to .6470
•December heating oil [HOZ9>HOZ9]: +.0158 to .6110
•December natural gas [NGZ9>NGZ9]: +.018 to 3.205
Metals•December gold [GCZ9>GCZ9]: -2.6 to 302.9.
Grains•November soybeans [SX9>SX9]: -4 1/4 to 475 1/2
•December soybean meal [SMZ9>SMZ9]: -1.53 to 148.1
Meats•February pork bellies [PBG0>PBG0]: -.950 to 65.150
Softs and Fibers•December cocoa [CCZ9>CCZ9]: -17 to 891