Chinese Government Open to Partial Deal

 

Major indices are up at mid-day Wednesday after the Chinese government signaled continued willingness to find a partial trade deal with the United Stated in an op-ed published overnight in the government-controlled Global Times newspaper. Crude oil inventories significantly increased, confirming the proximate cause for pressures on oil prices as a response to recent signs of instability in the Middle East. All sectors are sitting above break-even, with Technology leading on the day.

At present, the S&P 500 is up +0.76%, the DJIA is up +0.59%, and the NASDAQ is up +0.87%.

Industries doing well today include Airlines, Real Estate Management & Development, and Semiconductors & Semiconductor Equipment. Industries showing weakness include Diversified Telecommunication Services, Independent Power & Renewable Electricity Producers, and Pharmaceuticals. The VIX is down -0.87 to 19.41 after the previous close of 20.28. The total put/call ratio as of 10:30 AM was 1.17 (200,391/171,618). The advancers/decliners ratio for NYSE stocks is 1,979/719 while the advancers/decliners ratio for NASDAQ stocks is 1,842/840.

[InvestorsKeyhole, various news and data sources]

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