Market opens higher to extend recent gains Stock futures drifted during the pre-market trading session at levels well above fair value. The futures action led to a higher open for the broader market as it looks to extend its winning ways. Investors will be watching the new home sales report at 10:00 am ET for additional clues on the housing recovery after recent data releases have shown promising improvement. In early trading, the Dow is up 76 points, the Nasdaq is up 24 points and the S&P is up 9 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