After scoring record highs ahead of Thanksgiving, the Dow Jones Industrial Average (INDEXDJX:DJI) is just a hair's breadth above the flat line. Among Dow components in focus are energy issues Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM), which are poised to plunge more than 3% apiece after the Organization of Petroleum Exporting Countries (OPEC) opted not to cut production. The cartel's decision yesterday has pressured crude oil futures deep into the red, south of $70 per barrel. Outside of commodities, Wal-Mart Stores, Inc. (NYSE:WMT) and its fellow retailers will be in the limelight in today's holiday-shortened session, as traders watch for early signs of Black Friday success.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are 1 point above fair value.
The Chicago Board Options Exchange (CBOE) saw 913,352 call contracts traded on Wednesday, compared to 577,949 put contracts. The resultant single-session equity put/call ratio rose to 0.63, while the 21-day moving average remained at 0.59.
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