Market takes a dive as Treasury yields continue to rise


Stocks are down at mid-day Wednesday as Treasury yields continue to rise. The Producer Price Index for September reading was in-line with expectations.

At present, the S&P 500 is down 1.63%, the DJIA is down 1.61%, and the NASDAQ is down 2.38%.

Industries doing well today include Diversified Consumer Services, Tobacco, and Multiline Retail. Industries showing weakness include Personal Products, Trading Companies & Distributors, and Textiles, Apparel & Luxury Goods. The VIX is up 3.30 to 19.25 after the previous close of 15.95. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 17,356 Nov 16 265 puts on the board. The total put/call ratio as of 10:00 AM was 1.12 (404,356/362,107). The advancers/decliners ratio for NYSE stocks is 640/2,321, while the advancers/decliners ratio for NASDAQ stocks is 909/2,081.

[InvestorsKeyhole, various news and data sources]

Symbols: SPY

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