Markets try to regain ground

 

Stocks are modestly higher at mid-morning Wednesday. Earnings reports from Macy’s (M) is boosting some parts of the retail sector this morning.

At present, the S&P 500 is up 0.28%, the DJIA is up 0.09%, and the NASDAQ is up 0.47%.

Industries doing well today include Multiline Retail, Health Care Technology, and Airlines. Industries showing weakness include Multi-Utilities, Electric Utilities, and Communications Equipment. The VIX is down 1.00 to 13.63 after closing yesterday at 14.63. The most heavily traded options this morning are for the iShares Russell 2000 (IWM), with 12,714 July 20 147 puts on the board. The total put/call ratio as of 10:00 AM was 1.22 (332,308/271,779). The advancers/decliners ratio for NYSE stocks is 1,705/1,196, while the advancers/decliners ratio for NASDAQ stocks is 1,907/983.

Symbols: IWM M
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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