Investors spooked by volatility

 

Stocks are below the break-even mark at mid morning Thursday. Yesterday’s big reversal and lingering concerns about trade policy seem to have traders hesitant to make a move in either direction.

At present, the S&P 500 is down 0.12%, the DJIA is down 0.25%, and the NASDAQ is down 0.18%.

Industries doing well today include Tobacco, Independent Power and Renewable Electricity Producers, and IT Services. Industries showing weakness include Health Care Providers & Services, Personal Products, and Auto Components. The VIX is up 0.49 to 18.40 after closing yesterday at 17.91. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 40,319 June 29 42 puts on the board. The total put/call ratio as of 10:00 AM was 1.75 (422,321/240,696). The advancers/decliners ratio for NYSE stocks is 1,174/1,681, while the advancers/decliners ratio for NASDAQ stocks is 1,110/1,742.

Symbols: EEM
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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