Market rallies to close gap


Major indices are flat at mid-day Tuesday after rallying from a gap down this morning. With new tariffs still unannounced and a hurricane threatening the East Coast later this week, investors seem to be remaining cautious.

At present, the S&P 500 is down 0.01%, the DJIA is up 0.04%, and the NASDAQ is down 0.01%.

Industries doing well today include Trading Companies & Distributors, Internet Software & Services, and Software. Industries showing weakness include Diversified Consumer Services, Metals & Mining, and Semiconductors & Semiconductor Equipment. The VIX is up 0.04 to 14.20 after the previous close of 14.16. The most heavily traded options this morning are for the Market Vectors Semiconductor ETF (SMH), with 7,165 Oct 19 150 puts on the board. The total put/call ratio as of 10:00 AM was 1.03 (250,762/243,199). The advancers/decliners ratio for NYSE stocks is 1,108/1,721, while the advancers/decliners ratio for NASDAQ stocks is 1,034/1,857.

[InvestorsKeyhole, various news and data sources]

Symbols: SMH

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