The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed slightly higher in pre-market trading -- attempting to find a footing after a nearly 200-point drubbing -- as traders continue to digest yesterday's Federal Open Market Committee (FOMC) policy announcement and a raft of quarterly reports. Among the biggest names on the earnings front this morning are Alibaba Group Holding Ltd (NYSE:BABA) -- which is getting hammered on underwhelming revenue data -- and Ford Motor Company (NYSE:F), which topped estimates. Meanwhile, Amazon.com, Inc. (NASDAQ:AMZN), Google Inc (NASDAQ:GOOGL), and Visa Inc (NYSE:V) are among the companies divulging results this evening.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 13 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Wednesday, compared to 830,467 put contracts. The resultant single-session equity put/call ratio dropped to 0.67, while the 21-day moving average remained at 0.67.
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