Market fades into weekend

Stocks are mostly lower Friday on geopolitical concerns. The G-7 Summit this weekend, which President Trump has already announced he is leaving early, promises to be a contentious affair, further clouding the already unclear picture about the future of international trade relationships.

At present, the S&P 500 is down 0.11%, the DJIA is down 0.05%, and the NASDAQ is down 0.22%.

Industries doing well today include Tobacco, Leisure Products, and Household Products. Industries showing weakness include Semiconductors & Semiconductor Equipment, Technology Hardware, Storage & Peripherals, and Construction Materials. The VIX is up 0.50 to 12.63 after closing yesterday at 12.13. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 19,909 Sept 21 141 puts on the board. The total put/call ratio as of 10:00 AM was 1.14 (286,334/251,922). The advancers/decliners ratio for NYSE stocks is 1,453/1,448, while the advancers/decliners ratio for NASDAQ stocks is 1,431/1,473.

Symbols: IWM
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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