The Dow Jones Industrial Average (INDEXDJX:DJI) is on pace for a positive start to the third quarter, with promising economic news out of China setting a bullish tone ahead of the bell. On the domestic front, a pair of reports on U.S. manufacturing will hit the Street later this morning, and construction spending stats are also due out. In equity news, General Motors Company (NYSE:GM) should continue to attract attention, with the release of June sales data following right on the heels of the automaker's freshly expanded recall.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 34 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.02 million call contracts traded on Monday, compared to 513,842 put contracts. The resultant single-session put/call ratio dipped to 0.50, while the 21-day moving average held steady around 0.50.
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Earnings and Economic Data
The latest reports on construction spending and motor vehicle sales are due out today, along with the Institute for Supply Management's (ISM) manufacturing index and Markit's purchasing managers index (PMI). Acuity Brands (AYI) and Paychex (PAYX) will step into the earnings confessional.
Why OIH Is Finding Key Support at $52
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