The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher on the heels of the long Labor Day weekend, despite continued tensions between Russia and Ukraine, as investors are hopeful ahead of a policy decision at the European Central Bank's (ECB) meeting this Thursday. Later this morning, Wall Street will get to digest the latest Institute for Supply Management (ISM) manufacturing index numbers, as well as construction spending data and Markit's purchasing managers index (PMI). However, the earnings calendar is relatively bare.
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are 7.6 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 897,281 call contracts traded on Friday, compared to 506,634 put contracts. The resultant single-session equity put/call ratio dropped to 0.56, while the 21-day moving average edged lower to 0.63.
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