Markets continue to rise

Stocks are modestly higher Thursday morning, despite weak performance after earnings from Walmart (WMT) and Cisco (CSCO).

At present, the S&P 500 is up 0.23%, the DJIA is up 0.14%, and the NASDAQ is up 0.24%.

Industries doing well today include Energy Equipment & Services, Health Care Technology, and Oil, Gas & Consumable Fuels. Industries showing weakness include Communications Equipment, Construction Materials, and Independent Power and Renewable Electricity Producers. The VIX is down 0.52 to 12.90 after closing yesterday at 13.42. The most heavily traded options this morning are for the Financial Select Sector SPDR Fund (XLF), with 39,143 June 15 27 puts on the board. The total put/call ratio as of 10:00 AM was 1.99 (259,793/262,212). The advancers/decliners ratio for NYSE stocks is 1,729/1,178, while the advancers/decliners ratio for NASDAQ stocks is 1,925/970.

Symbols: CSCO WMT XLF
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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