The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed sharply higher ahead of the bell, with traders breathing a sigh of relief after productive weekend talks between Ukraine and Russia. While the two sides have not yet agreed to a cease-fire, foreign ministers from the two countries met in Berlin, with Ukraine ultimately agreeing to allow a Russian aid convoy across the border. Meanwhile, here at home, Family Dollar Stores, Inc. (NYSE:FDO) has rallied 4.6% in pre-market action, after Dollar General Corp. (NYSE:DG) formally offered $78.50 per share to acquire the chain. The bid tops an existing $74.50-per-share overture from Dollar Tree, Inc. (NASDAQ:DLTR). Against this backdrop, the Dow is set to start the week on a high note.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 90 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.35 million call contracts traded on Friday, compared to 855,030 put contracts. The resultant single-session equity put/call ratio rose to 0.63, while the 21-day moving average held at 0.65.
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