Mixed signals


Stocks are mixed this Thursday morning, despite the highest number of initial unemployed reported in over one year. Oil made a convincing move upward overnight, but commodities and currency don’t seem to be driving the market this week, for a change. It’s a big day for Monsanto (MON), as shares are up 11% due to a report from Bloomberg saying that German pharmaceutical giant Bayer was considering buying the seed company.

West Texas Intermediate crude is trading at $46.98. At present, the S&P 500 is up 0.19%, the DJIA is up 0.31%, and the NASDAQ is down 0.11%.

Here are your Thursday morning market metrics. Industries doing well today include chemicals, containers, and construction materials. Industries showing weakness include technology hardware, biotechnology, and industrial conglomerates. The VIX is down 3% to 14.35 after closing on Wednesday at 14.35. The most heavily traded options this morning are for Linn Energy (LINE), with 4,026 January 3 puts changing hands. The total put/call ratio as of 9:00 AM was 0.8 (219,697/175,150). NYSE Adv/Dec 1,878/919. Nasdaq Adv/Dec 1,166/1,059.

Symbols: LINE MON

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