Stock flat at mid-morning

Stocks are trading around the break-even mark at mid-morning Wednesday after opening decidedly in green numbers. Retail sales for February came in weaker than expected, potentially signalling some softness in consumer spending.

At present, the S&P 500 is up 0.08%, the DJIA is down 0.20%, and the NASDAQ is up 0.21%.

Industries doing well today include Automobiles, Internet Software & Services, and Internet & Catalog Retail. Industries showing weakness include Health Care Technology, Building Products, and Construction Materials. The VIX is down 0.10 to 16.25 after closing yesterday at 16.35. The most heavily traded options this morning are for the iShares Russell 2000 Index (IWM), with 15,002 Apr. 20 146 puts on the board. The total put/call ratio as of 10:00 AM was 0.92 (238,762/259,716). The advancers/decliners ratio for NYSE stocks is 1,438/1,419, while the advancers/decliners ratio for NASDAQ stocks is 1,1315/1,475.

Symbols: IWM
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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