Markets turn red on Friday the 13th

Stocks started higher, but quickly retreated into red numbers. Consumer sentiment came in at a three-month low. China announced that it would delay deal reviews, a move that could limit M&A activity among large technology firms.

At present, the S&P 500 is down 0.22%, the DJIA is down 0.29%, and the NASDAQ is down 0.32%.

Industries doing well today include Airlines, Industrial Conglomerates, and Metals & Mining. Industries showing weakness include Banks, Personal Products, and Construction Materials. The VIX is down 0.52 to 17.97 after closing yesterday at 18.49. The most heavily traded options this morning are for Bank of America (BAC), with 11,543 Apr 13 31 calls on the board. The total put/call ratio as of 10:00 AM was 1.21 (387,990/321,420). The advancers/decliners ratio for NYSE stocks is 1,210/1,625, while the advancers/decliners ratio for NASDAQ stocks is 956/1,896.

Symbols: BAC
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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