Another triple digit gain for the Dow Stocks are enjoying their best back to back gains since the beginning of the year as each of the major equity indices is higher by at least 1%. Advancing stocks are ahead of declining stocks by almost 3:1 on the NYSE and by a bit over 2:1 on the Nasdaq. Up volume is ahead of down volume by 3:1 or more on both. Crude oil prices are nearly unchanged and gold is down over 1%. The Dow is up 154 points, the Nasdaq is up 38 points and the S&P is up 18 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