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Dow Jones Industrial Average Set to Rally on Merger Monday

The DJI is looking to notch a third consecutive daily close atop 17,000

by 8/25/2014 8:23:34 AM
Stocks quoted in this article:

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.

Plus, our Trading Topic of the Week -- Tips to Trade Like the Pros: Trade on data, not emotions. How do you avoid getting chewed up by the panic/euphoria machine? By suppressing your fight-or-flight reflex and trading on facts and figures instead.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 70 points above fair value.

Market Statistics

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.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is slightly higher this morning, up 0.2% at 82.51.
  • Crude oil has also gained 0.2% to trade at $93.84 per barrel.
  • Gold, on the other hand, is off 0.05% at $1,279.60 per ounce.
Currencies and commodities

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