Stocks are rising this Friday morning as investors continued to gain confidence that the global oil glut might be eased somewhat due to production cuts. There was also a big bounce on the Shanghai composite, which rose more than 3% overnight. Bucking the trend is Amazon.com (AMZN) which is down 9% after a serious earnings miss. The US dollar has been looking slightly softer this week, and the yield on the US 10-year treasury has fallen all the way to 1.94%.
Here are your Friday morning market metrics. Industries doing well today include software, independent power, and trading companies. Industries showing weakness include internet/catalog retail, REITs, and biotechnology. The VIX is down 4.5% to 21.34 after closing on Thursday at 22.42. The most actively traded equity options are for the iShares Russell 2000 (IWM), with 4,428 July 75 calls changing hands. The total put-call volume ratio as of 9:00 AM was 0.74 (414,505/307,344). NYSE Adv/Dec 2,497/326. Nasdaq Adv/Dec 1,898/347.