The Dow Jones Industrial Average (INDEXDJX:.DJI) is on pace to add to last week's 1.1% gain, with futures pointed modestly higher ahead of the bell. Also sitting in the green this morning is the S&P 500 Index (SPX). The broad-market barometer "closed at a new all-time high on Friday, after positive earnings reactions from Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) helped bolster technology and consumer discretionary names," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Earnings season continues this week, with Apple Inc. (NASDAQ:AAPL) reporting after tonight's close."
On the economic front, industrial production and capacity utilization figures, as well as pending home sales, will be released today. "Meanwhile, the October employment report will be released this Friday," noted Venosa.
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are nearly 12 points above breakeven.
The Chicago Board Options Exchange (CBOE) saw 1,223,113 call contracts traded on Friday, compared to 784,715 put contracts. The resultant single-session put/call ratio jumped to 0.64, while the 21-day moving average stayed at 0.60.
Currencies and Commodities
Earnings and Economic Data
The pending home sales index and Dallas Fed manufacturing survey will be released today, along with industrial production and capacity utilization figures. On the earnings front, we'll hear from Merck (MRK), AAPL, Herbalife (HLF), Biogen Idec (BIIB), Burger King (BKW), Changyou.com (CYOU), Edwards Lifesciences (EW), Hartford Financial Services (HIG), Loews (L), NutriSystem (NTRI), Riverbed Technology (RVBD), Seagate Technology (STX), Sohu.com (SOHU), Texas Roadhouse (TXRH), and Titan International (TWI).
9 Levels to Watch for Apple Inc.
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