Stocks are higher Monday morning. With no new developments in the trade war over the weekend, the Dow Jones Industrial Average is leading the major indices. Earnings season begins this week, with several major banks reporting at the end of the week.
At present, the S&P 500 is up 0.74%, the DJIA is up 1.13%, and the NASDAQ is up 0.56%.
Industries doing well today include Trading Companies & Distributors, Machinery, and Banks. Industries showing weakness include Multi-Utilities, Electric Utilities, and Household Products. The VIX is down 0.48 to 12.89 after closing yesterday at 13.37. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 36,000 Aug 10 250 puts on the board. The total put/call ratio as of 10:00 AM was 1.09 (376,228/344,145). The advancers/decliners ratio for NYSE stocks is 1,914/1,009, while the advancers/decliners ratio for NASDAQ stocks is 1,780/1,137.