Legislators Reach Agreement on Government Funding

 

Major indices are up at mid-day Tuesday, with every sector beside real estate and utilities above break-even. Optimism abounds in Washington D.C. today, where congressional leaders have agreed “in principle” to a long-term government funding deal. The bill, which includes less border-wall funding than requested by the White House, will still require a the signature of the President, who might seek further action on border security via executive order if he does sign this bill into law.

At present, the S&P 500 is up 1.15%, the DJIA is up 1.16%, and the NASDAQ is up 1.39%.

Industries doing well today include Leisure Products, Household Durables, and Internet & Direct Marketing Retail. Industries showing weakness include Biotechnology, Equity Real Estate Investment Trusts, and Beverages. The VIX is down 0.61 to 15.36 after the previous close of 15.97. The most heavily traded options this morning are for the EAFE Ishares MSCI ETF (EFA), with 81,095 Mar 1 63.50 calls on the board. The total put/call ratio as of 10:30 AM was 0.67 (450,856/675,796). The advancers/decliners ratio for NYSE stocks is 2,092/752 while the advancers/decliners ratio for NASDAQ stocks is 2,247/717.

[InvestorsKeyhole, various news and data sources]

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