Major indices are trying to bounce at mid-morning Friday following a gap down this morning, continuing a week long downtrend. With emerging markets calming and a positive reaction to a number of earnings reports, it seems that investors are cautiously optimistic.
At present, the S&P 500 is up 0.10%, the DJIA is down 0.09%, and the NASDAQ is up 0.46%.
Industries doing well today include Airlines, Leisure Products, and Technology Hardware, Storage & Peripherals. Industries showing weakness include Household Durables, Real Estate Management & Development, and Equity Real Estate Investment Trusts. The VIX is down 0.18 to 14.47 after the previous close of 14.65. The most heavily traded options this morning are for the Invesco QQQ Trust Series 1 ETF (QQQ), with 28,864 Dec 21 154 puts on the board. The total put/call ratio as of 10:00 AM was 1.33 (410,431/308,565). The advancers/decliners ratio for NYSE stocks is 1,146/1,732, while the advancers/decliners ratio for NASDAQ stocks is 1,577/1,312.
[InvestorsKeyhole, various news and data sources]