Major indices are higher this Thursday morning, as the whole market seems to be celebrating a great earnings report from Facebook. Facebook (FB) shares are up 5%. In other news, bond prices and the dollar are slightly higher, indicating that the Street’s general level of anxiety is easing. In the oil market, the Street is responding with enthusiasm to recent pledges of moderation from Russia and Saudi Arabia, hence there is good news today for old economy stocks as well as new.
Here are your Thursday morning market metrics. Industries doing well today diversified telecom, internet software, and media. Industries showing weakness include building products, airlines, and air freight. The VIX is down 2% to 9.41 after closing on Wednesday at 9.6. The most heavily traded options this morning are for American Airlines, (AAL), with 7,578 July-28 50 calls, and 7,519 August-4 50 calls on the board. The total put/call ratio as of 10:00 AM was 0.66 (379,071/250,476). The advancers/decliners ratio for the NYSE is 1,277/1,513 and for the NASDAQ 1,234/1,420.