November Expiration Week

S&P 500 is supporting the handsome gains, finding new year-highs at this hour. It is at 1100.45. Retail Sales data was released at 8.30am, showing a jump in October. The consensus was 0.9% increase the the actual number came better than expected, up 1.4%. Participants doubled their buying efforts in the pre-market trading, pushing S&P to 1100 level.

Meanwhile, Empire State Mfg Survey, which consists of 175 manufacturing companies CEO reports in New York, showed a slower paced growth, fell 11 points to 23.51.

November expiration for equity and index options will be on Saturday.