Rally continues


Stocks are higher at mid morning Thursday. The NASDAQ is leading the way, helped by a better-than-expected quarterly report from Cisco (CSCO). The networking hardware maker is also a component of the Dow Jones Industrial Average, but it’s low share price means it has a relatively small effect on that market measure.

At present, the S&P 500 is up .30%, the DJIA is up 0.52%, and the NASDAQ is up 0.72%.

Industries doing well today include Communications Equipment, Technology Hardware, Storage & Peripherals, and Aerospace & Defense. Industries showing weakness include Oil, Gas & Consumable Fuels, Health Care Providers & Services, and Automobiles. The VIX is down .20 to 19.06 after closing yesterday at 19.26. The most heavily traded options this morning are for the iShares MSCI Emerging Markets Index ETF (EEM), with 21,402 3/16/18 49.50 calls on the board. The total put/call ratio as of 10:00 AM was 0.72 (530,786/383,916). The advancers/decliners ratio for NYSE stocks is 1,671/1,192 while the advancers/decliners ratio for NASDAQ stocks is 1,837/953.

Symbols: CSCO EEM
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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