Stocks are mostly higher at mid-morning Monday. Technology stocks are among the leaders after President Trump said he would work with China to keep Chinese firm ZTE from closing down, signalling that a softening of the president’s trade posture is possible.
At present, the S&P 500 is up 0.39%, the DJIA is up 0.56%, and the NASDAQ is up 0.60%.
Industries doing well today include Biotechnology, Multiline Retail, and Semiconductors & Semiconductor Equipment. Industries showing weakness include Health Care Technology, Leisure Products, and Metals & Mining. The VIX is up 0.31 to 12.96 after closing yesterday at 12.65. The most heavily traded options this morning are for Bank of America (BAC), with 17,237 Jan 18 20 puts on the board. The total put/call ratio as of 10:00 AM was 0.82 (248,127/304,237). The advancers/decliners ratio for NYSE stocks is 1,666/1,258, while the advancers/decliners ratio for NASDAQ stocks is 1,615/1,305.