The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher in pre-market action, with the blue-chip index on track to continue Wednesday's positive momentum. The day's economic docket is full of potentially market-moving news, with traders looking ahead to reports on employment, housing, and manufacturing. On the equity front, the dollar-store bidding war continues to heat up. Citing antitrust concerns, Family Dollar Stores, Inc. (NYSE:FDO) has officially rebuffed a $78.50-per-share offer from Dollar General Corp. (NYSE:DG) -- a move that seems likely to raise the ire of outspoken FDO investor Carl Icahn.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 37 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 825,343 call contracts traded on Wednesday, compared to 561,842 put contracts. The resultant single-session equity put/call ratio dipped to 0.56, while the 21-day moving average edged down to 0.64.
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