The Dow Jones Industrial Average (INDEXDJX:.DJI) is poised to start the week with a triple-digit drop, as the proverbial clock ticks in Washington, D.C. "The S&P 500 Index (SPX) closed near the lows of the day on Friday, just before the Oct. 1 debt-ceiling deadline, which could result in a potential federal government shutdown if it goes unresolved," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "This Friday, we'll get the latest employment report. Meanwhile, earnings season kicks off next week."
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are 108 points below breakeven.
The Chicago Board Options Exchange (CBOE) saw 1,098,107 call contracts traded on Friday, compared to 768,766 put contracts. The resultant single-session put/call ratio jumped to 0.70, while the 21-day moving average stayed at 0.57.
Currencies and Commodities
Earnings and Economic Data
Kicking off this week's slew of economic reports are the Chicago purchasing managers index (PMI) and the Dallas Fed manufacturing survey. Leading off the lineup of quarterly earnings reports are Diamond Foods (DMND) and Paychex (PAYX).
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