Markets start the week strong

Stocks are up slightly to start the week. Traders seem to be cautiously optimistic at the beginning of a week that features President Trump’s meeting with North Korean leader Kim Jong Un and a busy economic calendar.

At present, the S&P 500 is up 0.37%, the DJIA is up 0.24%, and the NASDAQ is up 0.39%.

Industries doing well today include Airlines, Multi-Utilities, and Internet Software & Services. Industries showing weakness include Electric Utilities, Professional Services, and Construction & Engineering. The VIX is up 0.09 to 12.27 after closing yesterday at 12.18. The most heavily traded options this morning are for the Financial Select Sector SPDR Fund ETF (XLF), with 8,889 June 29 29 calls on the board. The total put/call ratio as of 10:00 AM was 0.65 (184,893/282,945). The advancers/decliners ratio for NYSE stocks is 1,737/1,189, while the advancers/decliners ratio for NASDAQ stocks is 1,694/1,273.

Symbols: 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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