Markets mixed prior to Fed meeting

Major indices are mixed Tuesday morning. The Dow and S&P 500 are virtually unchanged, while the Nasdaq is rising. This continues a recent trend of outperformance from the tech-heavy index, while indices more heavily weighted toward mega-cap multi-national corporations have lagged.

At present, the S&P 500 is up 0.23%, the DJIA is up 0.08%, and the NASDAQ is up 0.59%.

Industries doing well today include Independent Power and Renewable Electricity Producers, Air Freight & Logistics, and Trading Companies & Distributors. Industries showing weakness include Aerospace & Defense, Metals & Mining, and Tobacco. The VIX is down 0.23 to 12.12 after closing yesterday at 12.35. The most heavily traded options this morning are for the SPDR S&P 500 ETF Trust ETF (SPY), with 18,661 Aug 17 285 calls on the board. The total put/call ratio as of 10:00 AM was 0.52 (169,769/324,165). The advancers/decliners ratio for NYSE stocks is 1,714/1,226, while the advancers/decliners ratio for NASDAQ stocks is 1,809/1,119.

Symbols: SPY
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.

You May Also Like