Markets nervous after rough session

 

Stocks are in the red this Wednesday morning, following a gruesome Tuesday session. Worries include the global economy, earnings, and deflation. Also, this morning’s ADP Employment report showed that only 156,000 jobs were created in April, making it the worst week for job creation since February of 2014.

West Texas Intermediate crude is trading at $44.77. At present, the S&P 500 is down 0.43%, the DJIA is down 0.27%, and the NASDAQ is down 0.43%.

Here are your Wednesday morning market metrics. Industries doing well today include independent power, media, and REITs. Industries showing weakness include airlines, construction, and internet/catalog retail. The VIX is up 0.3% to 15.97 after closing on Tuesday at 15.6. The most heavily traded options this morning are for CBS (CBS), with 11,012 June 62.5 calls changing hands. The total put/call ratio as of 9:00 AM was 0.87 (260,744/227,624). NYSE Adv/Dec 1,382/1,474. Nasdaq Adv/Dec 1,058/1,205.

Symbols: CBS
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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