The Dow Jones Industrial Average (INDEXDJX:.DJI) is pointed modestly lower, with the blue-chip barometer on track to add to last week's steep losses. Amid a bare economic calendar, today's chatter should revolve around the Federal Reserve. In addition to Wednesday's release of the latest Federal Open Market Committee meeting minutes, Fed officials will gather in Jackson Hole, Wyo., on Thursday for the Kansas City Federal Reserve's annual symposium. Also in focus will be 10-year bonds, after the yield on the benchmark finished at a two-year high on Friday.
Futures on the Dow Jones Industrial Average are more than 22 points south of fair value.
The Chicago Board Options Exchange (CBOE) saw 1,338,157 call contracts traded on Friday -- the most since July 19 -- compared to 798,234 put contracts. The resultant single-session put/call ratio fell to 0.60, while the 21-day moving average dropped to 0.59.
Currencies and Commodities
Earnings and Economic Data
There are no major economic reports scheduled for today. Starting the week off in the earnings confessional are Bob Evans (BOBE), Greenway Medical Technologies (GWAY), Perfect World (PWRD), and Urban Outfitters (URBN).
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