Major indices are in the red this Wednesday morning, dragged down by a smattering of less than stellar earnings reports. This comes a day after congress repealed a law allowing consumers to sue banks, a move that was widely predicted to push stocks higher. Bucking the trend this morning are Akamai Technologies (AKAM), up 5.1% after better than expected earnings. Shares of iRobot (IRBT) are down 4%, despite better than expected earnings.
Here are your Wednesday morning market metrics. Industries doing well today include life sciences tools, energy equipment, and IT Services. Industries showing weakness include diversified telecom, multi-utilities, and independent power. The VIX is up 3.1% to 11.51 after closing on Tuesday at 11.16. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 11,623 October-27 148 puts on the board. The total put/call ratio as of 10:00 AM was 1.44 (277,009/397,539). The advancers/decliners ratio for NYSE 642/2,236 stocks is while the advancers/decliners ratio for NASDAQ stocks is 990/1,772.