Tech stocks are leading U.S. stock futures higher this morning, as Wall Street sets its focus on earnings results from Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN). Meanwhile, the economic calendar offers up weekly jobless claims, June readings on advance trade goods, durable goods orders and the Chicago Fed’s national activity index
With tech leading the way, Nasdaq-100 futures are up 0.71%, with S&P 500 futures lagging with a gain of 0.21% and Dow Jones Industrial Average futures bringing up the rear with a gain of 0.11%.
On the options front, volume was brisk on Wednesday, with about 17.4 million calls and 13.5 million puts changing hands. Over on the CBOE, the single-session equity put/call volume ratio rose to 0.65, pushing the 10-day moving average higher to 0.60.
Diving into Wednesday’s options activity, Advanced Micro Devices, Inc. (NASDAQ:AMD) drew heavy call volume after the company swung to a surprise second-quarter profit. Elsewhere, Facebook also saw heavy call volume heading into last night’s quarterly earnings report, and United States Steel Corporation (NYSE:X) options traders reluctantly joined the parade of call trading in the wake of blowout Q2 results.
