January 23, 2024 7:25 AM | 2 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
On January 22nd, U.S. stock markets closed higher, led by the S&P 500 reaching another record high driven by tech sector gains, with investors focused on upcoming corporate earnings for profit forecasts.
In economic data, the U.S. leading index decreased by 0.1% in December, compared to analysts’ predictions of a 0.5% drop.
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Archer-Daniels-Midland (NYSE:ADM) experienced the S&P 500’s most significant daily percentage drop, with shares falling 24.2% following the CFO’s administrative leave and a cut in its annual profit forecast.
The Dow Jones Industrial Average gained 0.36%, closing at 38,001.81, the S&P 500 rose 0.22% to 4,850.43, while the Nasdaq Composite was up 0.32%, ending the session at 15,360.29.
Asian Markets Today
- On Tuesday, Japan’s Nikkei 225 index closed the session lower by 0.08% at 36,517.57, led by losses in the Paper & Pulp, Fishery, and Chemical, Petroleum & Plastic sectors.
- Australia, the S&P/ASX 200 was up 0.51% and closed at 7,514.90, led by gains in the Healthcare, Financials, and Consumer Staples sectors.
- India’s Nifty 50 closed lower by 1.54% at 21,238.80, and Nifty 500 slid 2.02% to 19,206.45.
- China’s Shanghai Composite increased 0.53% to 2,770.98, while the Shenzhen CSI 300 gained 0.40%, closing at 3,231.93.
- Hong Kong’s Hang Seng Index climbed 2.63%, concluding the day at 15,353.98.
Eurozone at 06:45 AM ET
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- The European STOXX 600 index was down 0.27%.
- Germany’s DAX slipped 0.17%.
- France’s CAC declined by 0.24%.
- The U.K.’s FTSE 100 traded lower by 0.01%.
Commodities at 06:45 AM ET
- Crude Oil WTI was trading lower by 0.99% at $74.02/bbl, and Brent was down 0.81% at $79.40/bbl.
- Natural Gas gained 0.24% to $2.130.
- Gold was trading up by 0.23% at $2,026.95, Silver rose by 0.48% to $22.402, while Copper climbed 0.63% to $3.7872.
US Futures at 06:45 AM ET
Dow futures were down 0.14%, S&P 500 futures increased 0.05%, while Nasdaq 100 Futures gained 0.09%.
Forex at 06:45 AM ET
The U.S. Dollar Index gained 0.06% to 103.40, USD/JPY declined 0.21% to 147.78, and AUD/USD slid 0.25% to 1.5182.
Photo by Markus Spiske on Pexels
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
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