Averages off worst levels but still down over 1% Each of the major equity indices is deep in negative territory but off the worst levels of the session. Declining stocks are ahead of advancing stocks by over 3:1 on both the NYSE and Nasdaq. Down volume is ahead of up volume by about 9:1 on both. Crude oil prices are lower by 1.5% and gold is higher by 0.8%. The Dow is down 140 points, the Nasdaq is down 38 points and the S&P is down 15 points.
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