Major indices are down at mid-day Thursday after some volatility early in today’s trading. Brookfield Asset Mangement (BAM) announced that it would buy a major stake in Oaktree Capital Group (OAK), with the newly-combined companies approaching Blackstone (BX) in assets under management.
At present, the S&P 500 is down 0.13%, the DJIA is down 0.12%, and the NASDAQ is down 0.18%.
Industries doing well today include Industrial Conglomerates, Airlines, and Banks. Industries showing weakness include Multiline Retail, Auto Components, and Pharmaceuticals. The VIX is up 0.18 to 13.59 after the previous close of 13.41. The most heavily traded options this morning are for the Emerging Markets Ishares MSCI ETF (EEM), with 35,000 Jan 17 2020 37 puts on the board. The total put/call ratio as of 10:30 AM was 0.99 (418,430/421,601). The advancers/decliners ratio for NYSE stocks is 1,325/1,507 while the advancers/decliners ratio for NASDAQ stocks is 1,291/1,630.
[InvestorsKeyhole, various news and data sources]