U.S. stock futures point to a higher open, but there is not much news to account for the positive bias. There is no economic data scheduled for release today and corporate news is light. Apple’s release of its latest version of the iPhone and the arrest of Allen Stanford on alleged fraud charges are making headlines this morning.
Despite the light news today, the markets could see some additional volatility. Today marks the once a quarter event known as “quadruple witching”, which is the simultaneous expiration of stock index futures, stock index options, stock futures, and stock options that occurs on the third Friday of the third month of the quarter.
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