Markets start the week higher

Stocks are higher at mid-morning Monday. The retail sector is among the leaders today after retails sales for March came in slightly higher than expected.

At present, the S&P 500 is up 0.57%, the DJIA is up 0.74%, and the NASDAQ is up 0.37%.

Industries doing well today include Road & Rail, Construction Materials, and Real Estate Management & Development. Industries showing weakness include Energy Equipment & Services, Banks, and Semiconductors & Semiconductor Equipment. The VIX is down 0.62 to 16.79 after closing Friday at 17.41. The most heavily traded options this morning are for the SPDR S&P Oil & Gas Explore & Prod (XOP), with 19,499 Apr 20 37 puts on the board. The total put/call ratio as of 10:00 AM was 1.29 (374,182/290,949). The advancers/decliners ratio for NYSE stocks is 2,108/818, while the advancers/decliners ratio for NASDAQ stocks is 1,771/1,143.

Symbols: XOP
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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