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.