Stocks are higher at mid-morning Friday. The monthly report on the labor market was better than expected in terms of number of jobs added, but wage growth slowed from January, which, for now avoids sparking more worries about interest rates.
At present, the S&P 500 is up 1.01%, the DJIA is up 1.01%, and the NASDAQ is up 1.04%.
Industries doing well today include Energy Equipment & Services, Auto Components, and Road & Rail. Industries showing weakness include Leisure Products, Diversified Consumer Services, and Independent Power and Renewable Electricity Producers. The VIX is down 1.20 to 15.34 after closing yesterday at 16.54. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 13,967 Apr. 20 245 puts on the board. The total put/call ratio as of 10:00 AM was 0.57 (364,218/635,997). The advancers/decliners ratio for NYSE stocks is 2,028/901, while the advancers/decliners ratio for NASDAQ stocks is 1,939/932.