The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed lower this morning, with the blue-chip barometer poised to extend Thursday's Fed-related decline. Specifically, St. Louis Fed President James Bullard hinted yesterday that interest rates could rise sooner rather than later. In the wake of these comments, traders will turn to today's sole data point -- the Thomson Reuters/University of Michigan final consumer sentiment report for June -- to assess the state of the economy. Meanwhile, on the corporate front, blue chip E I Du Pont De Nemours and Co (NYSE:DD) could apply pressure to the DJI, with the equity in the red ahead of the bell following a downwardly revised fiscal forecast. Against this backdrop, the 30-stock index was last seen 25 points lower -- and on pace to log a weekly loss.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 25 points below breakeven.
The Chicago Board Options Exchange (CBOE) saw 980,298 call contracts traded on Thursday, compared to 565,779 put contracts. The resultant single-session put/call ratio jumped to 0.58, while the 21-day moving average remained at 0.51.
Currencies and Commodities
Earnings and Economic Data
The week closes out with the Thomson Reuters/University of Michigan final consumer sentiment report for June. Earnings from Finish Line (FINL) and KB Home (KBH) will also hit the Street.
The Case for Big Moves in IWM and QQQ
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