Futures higher ahead of open Stock futures remain higher ahead of the day’s trading session, suggesting that the bounce from Friday’s lows will continue at the open. The strength is being attributed to optimistic statements by the country’s leaders about averting the fiscal cliff. Investors will also be examining the economic data slated to be released today, including the NAHB Housing Market Index and the Existing Home Sales report.
U.S. NY Fed "Empire State" Index Preview U.S. NY Fed "Empire State" Index Preview: The May Empire State Index is expected to rebound to 4.0 (median 4.0) after dropping to -1.2 in April. The April release included a decline in the forward looking new orders component to -6.0 from -2.4 which could pose downside risk to the release.
On The Fly: Morning Wrap-Up for May 15 Globex S&P futures are recently up 4.25 from previous day’s SPX cash close. Nikkei 225 up 0.83%, DAX up 0.45%. WTI Crude oil is recently at $59.54, natural gas down 0.13%, gold at $1216 an ounce, copper down 0.74%.
May front month equity options last day to trade is May 15, 2015