Stocks on the rise

Stocks are rising Thursday after President Trump softened his rhetoric on Syria in a tweet this morning, saying, in part, that strikes on Syria may or may not happen. Delta Airlines and Blackrock are both higher after reporting earnings this morning.

At present, the S&P 500 is up 0.81%, the DJIA is up 1.07%, and the NASDAQ is up 1.01%.

Industries doing well today include Airlines, Road & Rail, and Semiconductors & Semiconductor Equipment. Industries showing weakness include Independent Power and Renewable Electricity Producers, Equity Real Estate Investment Trusts, and Household Durables. The VIX is down 1.28 to 18.96 after closing yesterday at 20.24. The most heavily traded options this morning are for the Financial Select Sector SPDR Fund (XLF), with 18,874 June 15 30 calls on the board. The total put/call ratio as of 10:00 AM was 0.99 (259,731/261,939). The advancers/decliners ratio for NYSE stocks is 1,729/1,144, while the advancers/decliners ratio for NASDAQ stocks is 1,981/907.

Symbols: XLF
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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