First round of trade talks concludes

 

Markets are near break-even at mid-day Tuesday, having sold off in the first hours of trading after gapping up to open. The first round of U.S.-China trade talks wrapped up on a positive note, with issues ranging from agriculture and automobile trade to patent infringement on the table, according to reports. The next round of negotiations will include more senior officials from both nations, increasing the likelihood of a deal being reached. 

At present, the S&P 500 is up 0.04%, the DJIA is up 0.27%, and the NASDAQ is up 0.30%.

Industries doing well today include Auto Components, Life Sciences Tools & Services, and Automobiles. Industries showing weakness include Diversified Telecommunication Services, Personal Products, and Beverages. The VIX is up 0.03 to 20.50 after the previous close of 20.47. The most heavily traded options this morning are for the Bank of America Corp (BAC), with 9,216 Jan 11 26.50 calls on the board. The total put/call ratio as of 10:30 AM was 0.91 (523,150/577,014). The advancers/decliners ratio for NYSE stocks is 1,520/1,356 while the advancers/decliners ratio for NASDAQ stocks is 1,736/1,217.

[InvestorsKeyhole, various news and data sources]

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