Major indices are hovering around break-even at mid-day Tuesday, having dropped in the first hours of trading after gapping up to open. Positive signs from the U.S.-China trade talks haven’t been enough to calm worries over issues ranging from German industrial output to the American government shutdown, which is now in its 18th day. As the shutdown continues, economic data normally collected by the Census Bureau and Bureau of Economic Analysis is not being released, leading to a more hazy picture for financial analysts and traders.
At present, the S&P 500 is up 0.09%, the DJIA is up 0.38%, and the NASDAQ is down 0.22%.
Industries doing well today include Road & Rail, Auto Components, and Leisure Products. Industries showing weakness include Semiconductors & Semiconductor Equipment, Multiline Retail, and Banks. The VIX is up 0.23 to 21.63 after the previous close of 21.40. The most heavily traded options this morning are for the High Yield Corp Bond Ishares Iboxx $ ETF (HYG), with 11,049 Feb 15 80 puts on the board. The total put/call ratio as of 10:30 AM was 0.95 (619,664/655,122). The advancers/decliners ratio for NYSE stocks is 2,054/862 while the advancers/decliners ratio for NASDAQ stocks is 1,695/1,243.
[InvestorsKeyhole, various news and data sources]