- President Obama authorized U.S. air strikes in northern Iraq to protect American personnel and prevent a humanitarian catastrophe amid advances by Islamic militants.
- Major stock index futures are off about 0.2%, while Europe's Stoxx 50 is down 0.4%. The news wasn't taken quite as well in Japan, though, where the Nikkei tumbled 3% overnight.
- Fed rate hikes? The 10-year Treasury yield tumbles to another 2014-low, down four basis points to 2.37%. Gold is up $7 per ounce to $1,319.
- ETFs: SPY, QQQ, SH, DIA, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, QID, RSP, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, SFLA, QQXT, BXUC, SPUU
at Investor's Business Daily (Jan 21, 2015)