The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to extend yesterday's post-Fed run lower, as traders continue to digest the end of quantitative easing. Although the central bank vowed to keep interest rates near record lows for a time, it bolstered its view of the U.S. labor market, triggering speculation that a rate hike could come sooner rather than later. Outside of the Fed umbrella, Wall Street will weigh another batch of earnings reports, as well as the latest gross domestic product (GDP) figures.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are 50 points below fair value.
The Chicago Board Options Exchange (CBOE) saw 1.1 million call contracts traded on Wednesday, compared to 789,150 put contracts. The resultant single-session equity put/call ratio edged higher to 0.72, while the 21-day moving average dipped to 0.69.
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