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.