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.