Wall roads set for flat open after nasdaq outage
Stock option were poised for a flat on friday, a day after the nasdaq stock market suffered a historic trading halt of roughly three hours as a result of technical problems.Options market.
Ceo robert greifeld said on cnbc television the nasdaq resolved the technical issues that led to thursday’s trading halt, but cannot extended warranty there would be no future problems.
Occurring the nasdaq outage on thursday, the s 500 managed to subscribe its biggest percentage gain since august 1, but was incapable of close above its 50 day moving average for a fifth straight session.The commemorate, already at 1, 658.87, Has True Religion Outlet UK changed into a technical hurdle.
The standard s index is on pace for a slight advance for the week after two straight weekly losses, as investors exercise caution amid uncertainty over how soon the fed will quickly wind down its $85 billion a month stimulus program.
“This has been a very unique market situation with the fed stimulus being such an important aspect of the market rally.Surely uncharted waters for us, described gordon charlop, managing director at rosenblatt stock options in new york.
“So no matter the reason the move is, the fact you are someplace you weren’t before is cause for uncertainty,
The next Canerods fed monetary policy meeting is scheduled for sept 17 18.
S 500 futures added 1 point and were roughly what’s happening fair value, a formula that evaluates pricing by looking at interest rates, dividends and time to termination on the contract.Dow jones commercial average futures were flat and nasdaq 100 futures rose 3.5 things.
Pandora media inc gone down 6.6 per to $20.27 in premarket trade after the net radio service said late Thursday that rising expenditures to acquire music and expand its sales force would push fiscal 2014 earnings below analyst expectations.