Inflation data keeps stocks higher

Stocks are higher Tuesday morning after a report on consumer prices came in level with expectations, assuaging fears about rising inflation that would necessitate higher interest rates.

At present, the S&P 500 is up 0.32%, the DJIA is up 0.36%, and the NASDAQ is up 0.22%.

Industries doing well today include Multiline Retail, Construction Materials, and Semiconductors & Semiconductor Equipment. Industries showing weakness include Health Care Technology, Industrial Conglomerates, and Media. The VIX is down 0.06 to 15.72 after closing yesterday at 15.78. The most heavily traded options this morning are for Ford Motor Company (F), with 15,422 Mar. 16 10.87 calls on the board. The total put/call ratio as of 10:00 AM was 0.61 (230,485/380,459). The advancers/decliners ratio for NYSE stocks is 1,767/1,111, while the advancers/decliners ratio for NASDAQ stocks is 1,584/1,198.

Symbols: F
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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