Major indices are in the green this Monday morning, especially the DJIA, up more than one percent. CVS (CVS) has announced that it is buying Aetna (AET) for $69 billion. The new company will be a powerhouse in the health arena, though CVS shares are currently down 3.3%, while AET shares are up 1.2%. Shares of Bank of America (BAC) are up 3.15%.
Industries doing well today include trading companies, multiline retail, and road & rail. Industries showing weakness include semiconductors, life sciences tools, and software. The VIX is down 5.25% to 10.83 after closing on Friday at 11.43. The most heavily traded options this morning are for the S&P 500 SPDR ETF (SPY), with 18,186 December-29 270 calls on the board. The total put/call ratio as of 10:00 AM was 0.67 (470,891/314,966). The advancers/decliners ratio for NYSE stocks is 2,071/801 while the advancers/decliners ratio for NASDAQ stocks is 2,075/709.