Stocks, oil rise

Stocks are higher at mid-morning Monday, but trading near a key resistance level. Oil is higher this morning on concerns that the U.S. may reimpose sanctions as part of ending the Iran nuclear deal.

At present, the S&P 500 is up 0.57%, the DJIA is up 0.79%, and the NASDAQ is up 0.91%.

Industries doing well today include Energy, Information Technology, and Industrials. Industries showing weakness include Telecommunication Services, Consumer Staples, and Utilities. The VIX is up 0.20 to 14.97 after closing yesterday at 14.77. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 9,077 May 25 278 calls on the board. The total put/call ratio as of 10:00 AM was 0.60 (233,373/388,093). The advancers/decliners ratio for NYSE stocks is 1,798/1,102, while the advancers/decliners ratio for NASDAQ stocks is 1,879/1,010.

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 or follow him on Twitter: @BRatMICenter.

You May Also Like