The Dow Jones Industrial Average (INDEXDJX:DJI) is set to start the week with a bang, thanks to some major merger news this morning. With Burger King Worldwide Inc (NYSE:BKW) eyeing a buyout of Canadian doughnut chain Tim Hortons Inc. (USA) (NYSE:THI), and Roche Holding AG (ETR:RHO5) unveiling an $8.3 billion deal to acquire InterMune Inc (NASDAQ:ITMN), Dow futures are nearly 70 points north of fair value. As a result, the blue-chip index is on pace to extend its lead above 17,000, with the Dow attempting to notch a third straight daily finish above this millennium mark.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 70 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 999,928 call contracts traded on Friday, compared to 561,866 put contracts. The resultant single-session equity put/call ratio rebounded to 0.56, while the 21-day moving average stood pat at 0.64.
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