Thursdays Vital Data: General Electric Company (GE), United Pacific Corporation (UNP) and Tesla I


U.S. stock futures are heading higher this morning, as Wall Street looks to economic data and rising energy prices for inspiration. Crude oil futures are trending higher this morning after U.S. inventory data yesterday revealed an unexpectedly large decline in supply last week. Meanwhile, weekly jobless claims, advance November trade goods and the Chicago purchasing managers index arrive on the economic data front.

stock market todayHeading into the open, futures on the Dow Jones Industrial Average are up 0.14%. S&P 500 futures have added 0.07% and Nasdaq-100 futures have added 0.24%.

Turning to the options pits, Wednesday’s volume was anemic, with about 11.1 million calls and 8.5 million puts changing hands. The CBOE single-session equity put/call volume ratio fell to 0.55 and the 10-day moving average ticked higher to 0.57.

Taking a closer look at Wednesday’s options activity, General Electric Company (NYSE:GE) saw heavy volume after upping its stake in 3D printing company Arcam Aktiebolag. Meanwhile, United Pacific Corporation (NYSE:UNP) was flooded with call volume following a breakout above technical resistance. Finally, Tesla Inc (NASDAQ:TSLA) volume was mixed after KeyBanc slashed it’s Model 3 estimates.

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