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.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.