Apple, Dow Jones hit new highs

 

Apple (AAPL) surprised the market yesterday after the bell with better than expected earnings, and is up 5.6% today to a new all-time high, pushing the NASDAQ higher. The Dow Jones Industrial Average is also at an all-time high today, having just crossed the 22,000 line. Oddly, the S&P 500 is slightly lower. Oil prices have also fallen somewhat over the last 24 hours.

West Texas Intermediate crude is trading at $49.56. At present, the S&P 500 is up 0.21%, the DJIA is up 0.20%, and the NASDAQ is down 0.04%.

Here are your Wednesday morning market metrics. Industries doing well today include technology hardware, life sciences tools, and construction materials. Industries showing weakness include auto components, professional services, and metals & mining. The VIX is up 1% to 10.20 after closing on Tuesday at 10.09. The most heavily traded options this morning are for the  iShares Russell 2000 ETF, (IWM), with 19,271 August-4 128 puts and 19,212 August-4 141 puts on the board. The total put/call ratio as of 10:00 AM was 1.02 (290,788/297,238). The advancers/decliners ratio for the NYSE is 1,196/1,602 and for the NASDAQ 1,016/1,627.

Symbols: AAPL IWM
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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