Market takes a dip


Stocks are lower at mid morning Friday. A huge drop in the Turkish Lira has spooked a number of markets around the world. While there are a lot of red numbers on the board, the major indices are still inside of the range they’ve been in all week.

At present, the S&P 500 is down 0.56%, the DJIA is down 0.80%, and the NASDAQ is down 0.40%.

Industries doing well today include Personal Products, Independent Power and Renewable Electricity Producers, and Food & Staples Retailing. Industries showing weakness include Auto Components, Semiconductors & Semiconductor Equipment, and Automobiles. The VIX is up 1.50 to 12.77 after closing yesterday at 11.27. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 17,642 Sept 21 44 puts on the board. The total put/call ratio as of 10:00 AM was 1.21 (423,510/348,842). The advancers/decliners ratio for NYSE stocks is 981/1,823, while the advancers/decliners ratio for NASDAQ stocks is 1,167/1,697.

[InvestorsKeyhole, various news and data sources]

Symbols: EEM

You May Also Like