Stocks Sink to Start Week

 

Major U.S. equity indices are trading in the red Monday morning. Goldman Sachs (GS) which reported earnings before the bell this morning is the leading decliner on the Dow.

At present, the S&P 500 is down 0.28%, the DJIA is down 0.27%, and the NASDAQ is down 0.46%.

Industries doing well today include health care providers and services, multiline retail, and Food and Staples retailing. Industries showing weakness include real estate management and development, semiconductors and semiconductor equipment, and automobiles. The VIX is up 0.89 to 12.89. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 33,055 April 26 call contracts on the board. The total put/call ratio as of 11:30 a.m. was 0.88 (774,030/883,935). The advancers/decliners ratio for NYSE stocks is 1,505/1,388 while the advancers/decliners ratio for NASDAQ stocks is 1,802/1,226. [InvestorsKeyhole, various news and data sources]

Symbols: SPY
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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