Stocks fall after opening high

 

Stocks are mostly higher at mid-morning Thursday as trading resumes after the Independence Day holiday. This afternoon’s release of the minutes from the most-recent Federal Reserve meeting could spark some late-day volatility.

At present, the S&P 500 is up 0.18%, the DJIA is up 0.12%, and the NASDAQ is up 0.21%.

Industries doing well today include Auto Components, Semiconductors & Semiconductor Equipment, and Health Care Technology. Industries showing weakness include Communications Equipment, Aerospace & Defense,  and Air Freight & Logistics. The VIX is down 0.13 to 16.01 after closing yesterday at 16.14. The most heavily traded options this morning are for Bank of America (BAC), with 9,751 July 6 28.50 calls on the board. The total put/call ratio as of 10:00 AM was 1.00 (169,414/169,562). The advancers/decliners ratio for NYSE stocks is 1,677/1,234, while the advancers/decliners ratio for NASDAQ stocks is 1,645/1,220.

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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