The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher in pre-market action, with the blue-chip index on pace to revisit Tuesday's record peak. Traders today are looking ahead to the release of private-sector U.S. payrolls data, as well as a speech from Federal Reserve Chair Janet Yellen on the topic of instability in financial markets.
In equity news, Dow component JPMorgan Chase & Co. (NYSE:JPM) will be in focus today, after the company last night disclosed that CEO Jamie Dimon has been diagnosed with a curable form of throat cancer. In a statement, Dimon said he will "continue to be actively involved" in business operations while he undergoes chemotherapy and radiation treatment. Ahead of the bell, JPM shares are off 0.5%.
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are nearly 20 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.21 million call contracts traded on Tuesday, compared to 623,259 put contracts. The resultant single-session put/call ratio edged up to 0.51, while the 21-day moving average held steady around 0.50.
Currencies and Commodities
Earnings and Economic Data
The regularly scheduled crude inventories update, factory orders data, and the Automatic Data Processing (ADP) employment report will be released today. Furthermore, Fed Chair Janet Yellen is scheduled to speak at the International Monetary Fund's (IMF) central banking conference. Constellation Brands (STZ) will report quarterly earnings.
The Case for Big Moves in IWM and QQQ
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