Market Happenings for Friday, September 21, 2012

Premarket, futures are up. Gainers this morning include EA (+6.75%), DRI, IRM, EXPE and S while losers include WDC (-1.51%), GT, COH, ETFC and BTU.

The Market

Futures are up this morning, could this be the 9th Friday rise in a row for the Dow?

In Europe stocks are mixed and Asian markets ended higher.

Today we have “quadruple witching,” when four types of contracts expire, market index futures, market index options, stock options and stock futures. This can add some volatility to the trading day.

The national average price of gasoline dropped 1.3 cents to $3.833 per gallon.

Earnings Reports

Earnings reports (estimates): DRI-Darden Restaurants ($0.83) .85 actual, FUL-HB Fuller (0.54), KBH-KB Home (-0.15) .04 actual.

Financial Calendar

1240 ET Atlanta Fed President Dennis Lockhart speaks on the U.S. economic outlook and monetary policy to the Atlanta Institute of Internal Auditors.

1500 ET USDA Cattle on Feed.

1500 ET USDA Cold Storage.

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