Dollar falls after Trumpcare fails

 

Stocks are slightly lower this Tuesday morning, and the dollar is weaker, though bond prices are rising. It appears that Trumpcare, which worried traders, is not to be, although the status quo, Obamacare, also worries traders. Netflix (NFLX) reported its earnings after the bell yesterday, and the big news is that the Street got what it wanted, and even a bit more, in subscriber growth. The streaming service continues to grow more popular, and share up a whopping 9%. Going the other way is AMD (AMD), down 3% after being downgraded by Barclays.

West Texas Intermediate crude is trading at $46.71. At present, the S&P 500 is down 0.14%, the DJIA is down 0.23, and the NASDAQ is down 0.05%.

Here are your Tuesday morning market metrics. Industries doing well today include internet & catalog retail, household products, and energy equipment. Industries showing weakness include construction materials, automobiles, and construction & engineering. The VIX is up 3.67% to 10.15 after closing on Monday at 9.82. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 20,007 September 40 puts and 20,005 October 42 puts on the board. The total put/call ratio as of 10:00 AM was 0.89 (282,103/251,742). The advancers/decliners ratio for the NYSE is 1,125/1,642 and for the NASDAQ, 959/1,637.

Symbols: AMD EEM NFLX
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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