The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to bounce back this morning, amid easing concerns over the state of Portugal's banking system. In today's session, the U.S. financial sector will be focus, with earnings results from Wells Fargo & Co (NYSE:WFC) due out before the bell. Additionally, speeches from a pair of Federal Reserve officials should spark some interest around the Street. Against this backdrop, futures for the blue-chip barometer were lingering about 28 points above breakeven.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are about 28 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 981,919 call contracts traded on Thursday, compared to 658,585 put contracts. The resultant single-session put/call ratio jumped to 0.67, while the 21-day moving average rose to 0.53.
Currencies and Commodities
Earnings and Economic Data
The latest Treasury budget is Friday's lone data point. However, the Street will also be digesting the latest earnings reports from Fastenal (FAST), Infosys (INFY), and WFC.
The Case for Big Moves in IWM and QQQ
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