Market stalls following recent strength

 

Stocks are lower, but not by much, at mid morning Wednesday. New shots fired in the trade war helped to squash an overnight rally in stocks, leaving markets still in the relatively tight range they have traded in for several weeks.

At present, the S&P 500 is up 0.06%, the DJIA is down 0.06%, and the NASDAQ is up 0.13%.

Industries doing well today include Airlines, Independent Power and Renewable Electricity Producers, and Internet Software & Services. Industries showing weakness include Real Estate Management & Development, Auto Components, and Leisure Products. The VIX is up 0.16 to 11.09 after closing yesterday at 10.93. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 8,746 Sept 28 280 puts on the board. The total put/call ratio as of 10:00 AM was 1.04 (266,865/255,727). The advancers/decliners ratio for NYSE stocks is 1,272/1,577, while the advancers/decliners ratio for NASDAQ stocks is 1,275/1,608.

[InvestorsKeyhole, various news and data sources]

Symbols: SPY

You May Also Like