Major indices are up at mid-day Friday. The New York Fed is injecting another $75 billion into the overnight repurchase agreement market today in preparation for next week’s sale of new Treasury bonds even as repurchase rates seem to be returning to normal. The British Pound jumped overnight after European Commission President Jean-Claude Juncker said that he expects a deal to be reached with Britain over the nation’s exit from the European Union.
At present, the S&P 500 is up +0.27%, the DJIA is up +0.33%, and the NASDAQ is up +0.15%.
Industries doing well today include Pharmaceuticals, Biotechnology, and Trading Companies & Distributors. Industries showing weakness include Entertainment, Construction Materials, and Auto Components. The VIX is down -0.59 to 13.46 after the previous close of 14.05. The most heavily traded options this morning are for Intel Corp. (INTC), with 6,796 1/17/2020 $60.00 calls on the board. The total put/call ratio as of 10:30 AM was 0.97 (456,058/468,786). The advancers/decliners ratio for NYSE stocks is 1,771/945 while the advancers/decliners ratio for NASDAQ stocks is 1,719/1,093.
[InvestorsKeyhole, various news and data sources]