Fridays Vital Data: Snap Inc (SNAP), Advanced Micro Devices, Inc. (AMD) and Chesapeake Energy Cor


U.S. stock futures are headed higher this morning. Wall Street is largely upbeat ahead of a string of Fed speakers today, including prepared remarks from newly appointed Federal Reserve Chairman Jerome Powell.

Friday’s Vital Data: Snap Inc (SNAP), Advanced Micro Devices, Inc. (AMD) and Chesapeake Energy Corporation (CHK)Powell’s first trip before Congress comes at 11 a.m. today, where he is expected to back the Fed’s more hawkish stance on interest rates and inflation.

At last check, Dow Jones Industrial Average futures were up 0.51%, S&P 500 futures were higher by 0.42% and Nasdaq-100 futures had gained 0.46%.

Turning to the options pits, volume was anemic on Thursday. Only about 16.1 million calls and 15.5 million puts changed hands on the session. The CBOE single-session equity put/call volume ratio rose to 0.63. The 10-day moving average slipped to 0.66 – another in a string of two-week lows.

Taking a closer look at yesterday’s options activity, Snap Inc (NYSE:SNAP) puts gained strength after prominent user Kylie Jenner tweeted she doesn’t use the app anymore. Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:AMD) put volume rose despite bullish comments from Wells Fargo. Finally, Chesapeake Energy Company (NYSE:CHK) volume quadrupled the stock’s average following impressive fourth-quarter earnings.

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