Dow futures have been volatile for the past 24 hours. Yesterday, before opening, the Dow saw a 42 point dip to 13042 and followed the same trend after open, breaking below the 13,000 mark for a two week low. The losses followed reports of stagnant jobless claims in the U.S. and Germany.

Crude Oil futures (95.21 [+0.5]) up about one half of a point overnight, while Gold futures (1661.80 [+3.8]) gained about four points.

OmniVision Technologies (OVTI | 17.33 [+8.93%]) traded 1.4 million shares overnight, gaining a point and a half. Earnings were weak but beat expectations. OVTI relies on the implementation of cameras in new technology, for their image recognition chips. OVTI supplies it’s chips to Apple for iPhones and iPads.

Splunk Inc. (SPLK | 35.25 [+4.75]) jumped 15.57% last night reaching a prices it last hit at the end of May. Splunk Inc.’s software collects indexes data with heterogeneous formats and enables users to analyze the data real time. The source of the gain is an announcement by SPLK that fiscal year 2012 revenue estimates are being raised as third quarter revenues were $45-$47 million.

Alex Kalish has a masters in economics from Suffolk University.