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Here comes the market open ...

Myles Udland   

Here comes the market open ...
Stock Market1 min read

nyse, stock exchange, old school traders, traders,

AP Images

Here we go again.

On Wednesday, the New York Stock Exchange will open for the third straight day with "Rule 48" invoked, which is a rule designed to smooth the market open.

Basically, this means that market makers, the people on NYSE floor that match buyers with sellers, won't have to give price indications before the bell rings at 9:30 am ET.

On Wednesday morning, futures were pointing to a sharply higher opening for the second straight day, with Dow futures up 315 points about 15 minutes before the bell rings.

But with "Rule 48" under effect, these prices might not be as reliable of where stocks will open as might normally be the case.

On Tuesday stocks rocketed higher early in the day and collapsed into the close.

In economic news, durable goods orders topped expectations in July, while stocks in China had another wild ride overnight.

Keep it here all day as we'll have updates as the market opens and throughout the trading day.

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