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Dow Jones Industrial Average Futures Higher With Disney

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May 9, 2016 at 9:06 AM
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Dow Jones Industrial Average ​​(DJIA) is set to pick up right where it left off last week, with futures trading above fair value. Amid a bare economic calendar, traders will be keeping a close eye on oil prices -- with June-dated crude futures last seen down 0.1% at $44.61 per barrel -- after Saudi Arabia replaced its oil minister, Ali al-Naimi, following 20 years of service. Additionally, speeches from a handful of Fed officials in the wake of Friday's lackluster jobs report will likely garner some attention. Elsewhere, Dow stock Walt Disney Co (NYSE:DIS) is higher after a strong box-office debut for "Captain America: Civil War."

Continue reading for more on today's market, including:

U.S. stock futures May 9

Futures on the Dow Jones Industrial Average (DJIA) are 22 points above fair value.

5 Things You Need to Know Today
 

  1. Chinese stocks plunged in the wake of disappointing trade data, while oil prices are giving European markets a lift.
  2. The Chicago Board Options Exchange (CBOE) saw 718,072 call contracts traded on Friday, compared to 659,887 put contracts. The resultant single-session equity put/call ratio jumped to 0.92, while the 21-day moving average edged up to 0.71.
  3. In the most recent C-suite chatter, LendingClub Corp (NYSE:LC) announced its CEO, Renaud Laplanche, will resign following an internal probe. The consumer lending firm also unveiled first-quarter profit that arrived in line with the consensus estimate. Shares of LC are down 27% ahead of the bell.
  4. Horizon Pharma PLC (NASDAQ:HZNP) is poised to pare a portion of Friday's big losses, with HZNP up 10.7% in electronic trading. Helping to boost the shares is the drugmaker's first-quarter earnings beat and reports that the company hopes to take another stab at a Depomed Inc (NASDAQ:DEPO) deal.
  5. Shares of Tyson Foods, Inc. (NYSE:TSN) are set to open at a record high -- up 4.6% in pre-market trading -- after the food producer unveiled stronger-than-forecast fiscal second-quarter earnings. Additionally, TSN once again boosted its full-year adjusted profit outlook.


Buzz Stocks May 9

Earnings and Economic Data

While no economic reports are slated for release today, Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari will take the mic. Earnings from Halozyme Therapeutics (HALO), Hertz (HTZ)Intrepid Potash (IPI)JD.Com (JD)Kite Pharma (KITE), Liberty Media (LMCA), MannKind (MNKD), MBIA (MBI), Rackspace Hosting (RAX)Silver Wheaton (SLW)SolarCity (SCTY), Teva Pharmaceutical (TEVA), and Wayfair (W) are due. To see what's coming up on this week's schedule, click here

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