Stocks fall in early trading


Major indices are in the red this Thursday morning. In a bad sign for fans of Obamacare, Aetna (AET), which is pulling out of the exchanges, beat earnings and is up 2.28%, while Molina Health (MOH), which has taken a huge position in the exchanges, suffered a terrible second quarter loss and is down 7.9%. Shares of Tesla (TSLA) are up 6.1% after the company reported a smaller than expected quarterly loss.

West Texas Intermediate crude is trading at $49.73. At present, the S&P 500 is down 0.19%, the DJIA is down 0.02%, and the NASDAQ is down 0.33%.

Here are your Thursday morning market metrics. Industries doing well today include construction & engineering, multiline retail, and auto components. Industries showing weakness include leisure products, insurance, and banks. The VIX is down 1% to 10.19 after closing on Wednesday at 10.28. The most heavily traded options this morning are for the PowerShares QQQ ETF, (QQQ), with 14,252 November-17 140 puts on the board. The total put/call ratio as of 10:00 AM was 0.99 (272,346/270,328). The advancers/decliners ratio for the NYSE is 1,330/1,430 and for the NASDAQ 1,252/1,356.

Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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