Stocks continue to make headway

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.

Symbols: SPY
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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