Major indices are up at mid-day Friday. The U.S. added 312,000 jobs in the month of December, surpassing Wall Street’s expectations of 177,000 by a wide margin. October and November jobs numbers were also revised upward. Meanwhile, Federal Reserve Chairman Jerome Powell said today that the Fed will remain “patient”, and that it would not hesitate to change plans that were impacting overall goals.
At present, the S&P 500 is up 3.07%, the DJIA is up 2.95%, and the NASDAQ is up 3.76%.
Industries doing well today include Leisure Products, Life Sciences Tools & Services, and Software. Industries showing weakness include Electric Utilities, Household Products, and Beverages. The VIX is down 3.08 to 22.37 after the previous close of 25.45. The most heavily traded options this morning are for the Halliburton Company (HAL), with 58,015 Feb 22 28.50 calls on the board. The total put/call ratio as of 10:00 AM was 1.15 (340,560/297,429). The advancers/decliners ratio for NYSE stocks is 2,662/306 while the advancers/decliners ratio for NASDAQ stocks is 2,614/431.
[InvestorsKeyhole, various news and data sources]