The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed modestly lower this morning, as traders remain sidelined ahead of the kick-off of the Federal Open Market Committee's (FOMC) two-day meeting. Disappointing data out of China and Germany are also weighing on sentiment, as well as concerns about the independence vote in Scotland later this week. In equities news, drug makers are in the spotlight, with Allergan, Inc. (NYSE:AGN) settling pending litigation, AstraZeneca plc (ADR) (NYSE:AZN) announcing a new partnership, and Regeneron Pharmaceuticals Inc (NASDAQ:REGN) scoring a regulatory nod.
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are 21 points below fair value.
The Chicago Board Options Exchange (CBOE) saw 1,191,979 call contracts traded on Monday, compared to 731,113 put contracts. The resultant single-session equity put/call ratio jumped to 0.61, while the 21-day moving average remained at 0.59.
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