Friday morning, the S&P 500 Index e-mini futures (ES-U2) are trading lower by 6.75 points to 1318.75 per contract. There is a lot going on today that will keep the volatility high during today's trading session. First, there is the highly anticipated European Summit in Brusels, Belgium going on right now. Everyone is waiting to hear if Germany is going to give in on creating eurobonds.
Earlier today, Spanish, and Italian bond yields started to soar higher and this is always problematic for asset prices. Later today, the Supreme Court will make a ruling on the U.S. health care bill. This could be a very volatile day on Wall Street. Some leading equities that could be volatile today include UnitedHealth Group Inc (NYSE:UNH), WellPoint Inc (NYSE:WLP), ProShares UltraShort Euro (ETF) (NYSEARCA:EUO), and the iShares MSCI Germany Index Fund (ETF) (NYSEARCA:EWG).