Like a runaway balloon, the market expands, inflates, rises, and breaks loose from its earthly bearings. To no one’s great surprise, NVIDIA (NVDA) is among today’s winners, up 3% to an all-time high of $190 per share. Having recovered from its weekend dip, oil is back above $50 per barrel. Today’s rally is particularly broad and there are few losers, but one such is Symantec (SYMC), down 2.3% after analyst comments that it had climbed too far too fast as a result of the Equifax (EFX) hack.
Here are your Tuesday morning market metrics. Industries doing well today include airlines, food & staples, & tobacco. Industries showing weakness include auto components, construction materials, and healthcare providers. The VIX is up 1.9% to 10.13 after closing on Monday at 10.33. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 40K November-10 232.5 puts on the board. The total put/call ratio as of 10:00 AM was 0.87 (324,072/281,250). The advancers/decliners ratio for NYSE stocks is 2,039/730, while the advancers/decliners ratio for NASDAQ stocks is 1,751/916.