'Quadruple witching' may move market
Evan McDaniel | email@example.com
There are no economic releases on today's calendar, though Atlanta Federal Reserve President Dennis Lockhart is scheduled to speak at 12:40 p.m. ET.
Despite the lack of data, traders and investors should expect volatile moves because it is a "quadruple witching" day. This marks the expiration of contracts for index options, index futures, single-stock options, and single-stock futures.
Stocks attempt to stage a rebound
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The main catalyst for the buyers appears to be coming from Asia, where Tokyo and Shanghai indexes rallied overnight amid positive Japanese economic data and signs that Chinese authorities will reduce economic regulations.
Equities are hovering at record levels
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S&P 500 futures are indicated to open fractionally lower but have been nudging higher throughout the morning. The Nasdaq is up almost two-tenths of a percent after strong numbers from Cisco.
Equities in range after big gains
May 15, 2013
S&P 500 futures are little-changed, while most European indexes are posting small gains. Asian markets were mostly positive overnight, led by a 2 percent rally in Tokyo.
Wide range of events on calendar
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German, France, and Italy will report preliminary gross domestic product numbers early in the morning, which could affect sentiment before the opening bell.
Another record day on Wall Street?
May 14, 2013
S&P 500 futures are fractionally higher after earlier falling by more than one-tenth of a percent. Europe is also fighting its way back to positive after posting slightly larger declines.