Stocks on the rise

 

Stocks are rising Wednesday morning. Trade tensions are easing after the Trump Administration announced that restrictions on foreign investment will take the form of expanded powers for CFIUS, as opposed to harsher measures that were reportedly on the table.

At present, the S&P 500 is up 0.74%, the DJIA is up 1.05%, and the NASDAQ is up 0.44%.

Industries doing well today include Energy Equipment & Services, Industrial Conglomerates, and Oil, Gas & Consumable Fuels. Industries showing weakness include Diversified Consumer Services, Airlines, and Commercial Services & Supplies. The VIX is down 0.99 to 14.93 after closing yesterday at 15.92. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 7,654 Aug 17 42 puts on the board. The total put/call ratio as of 10:00 AM was 0.78 (220,619/284,187). The advancers/decliners ratio for NYSE stocks is 1,769/1,093, while the advancers/decliners ratio for NASDAQ stocks is 1,310/1,561.

Symbols: EEM
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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