Major indices continue lower at mid-day Friday following yesterday’s large intra-day swing. In economic news, non-farm jobs increased by 155,000 in November, while the unemployment rates remained unchanged at 3.7%. Jobs added fell short of the 189,000 expectation, and well below the monthly average of 209,000 of the previous 12 months. The average workweek decreased by 0.1 hours, while hourly earnings increased by 6 cents. The jobs report could effect the Federal Reserve’s decision making on the path of interest rates.
At present, the S&P 500 is down 1.42%, the DJIA is down 1.53%, and the NASDAQ is down 1.77%.
Industries doing well today include Energy Equipment & Services, Tobacco, and Oil, Gas & Consumable Fuels. Industries showing weakness include Airlines, Biotechnology, and Health Care Equipment & Supplies. The VIX is up 0.96 to 22.15 after the previous close of 21.19. The most heavily traded options this morning are for the Ishares China Large-Cap ETF (FXI), with 25,019 Dec 28 43.50 calls on the board. The total put/call ratio as of 10:00 AM was 1.10 (301,255/274,475). The advancers/decliners ratio for NYSE stocks is 1,252/1,676 while the advancers/decliners ratio for NASDAQ stocks is 1,264/1,748.
[InvestorsKeyhole, various news and data sources]