Markets down following holiday weekend


Stocks in the U.S. are lower at mid-morning Tuesday. Turmoil in Europe, Italy specifically, spooked markets over the three-day weekend. U.S. Treasury yields are lower, as is oil, as traders rotated into safe assets.

At present, the S&P 500 is down 0.59%, the DJIA is down 0.75%, and the NASDAQ is down 0.11%.

Industries doing well today include Construction Materials, Beverages, and Household Products. Industries showing weakness include Banks, Consumer Finance, and Airlines. The VIX is up 1.84 to 15.06 after closing Friday at 13.22. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 10,638 June 15 44 puts on the board. The total put/call ratio as of 10:00 AM was 0.93 (260,458/280,866). The advancers/decliners ratio for NYSE stocks is 1,341/1,546, while the advancers/decliners ratio for NASDAQ stocks is 1,199/1,652.

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 or follow him on Twitter: @BRatMICenter.

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