Market rises until Trump tweets

 

Major indices were on the rise at mid-day Thursday with potential trade talks between the U.S. and China on the horizon, until President Trump tweeted that there is no pressure to make a deal. Stocks are still up, but have pulled back in response to the tweet.

At present, the S&P 500 is up 0.40%, the DJIA is up 0.42%, and the NASDAQ is up 0.72%.

Industries doing well today include Technology Hardware, Storage & Peripherals, Construction Materials, and Airlines. Industries showing weakness include Tobacco, Household Durables, and Diversified Consumer Services. The VIX is down 0.62 to 12.52 after the previous close of 13.14. The most heavily traded options this morning are for the Ishares China Large-Cap ETF (FXI), with 42,938 Oct 19 43 calls on the board. The total put/call ratio as of 10:00 AM was 0.63 (301,615/476,891). The advancers/decliners ratio for NYSE stocks is 1,708/1,200, while the advancers/decliners ratio for NASDAQ stocks is 1,622/1,311.

[InvestorsKeyhole, various news and data sources]

Symbols: FXI

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