Stocks fall further

 

Major indices are in the red this morning, continuing a slide that began on Monday. Hardest hit is the Dow Jones, down more than 1% on the day. The trigger may have been worries over Apple (AAPL), down 0.8% after reports that the tech giant has cut production of the iPhone X in half. Micron (MU), down 3.1%, and Applied Materials (AMAT), down 3.4%, are also being hit hard.

At present, the S&P 500 is down 1.02%, the DJIA is down 1.3%, and the NASDAQ is down 0.83%. West Texas Intermediate crude is trading at $64.43. Bitcoin is at $10,390 on Bitstamp.

Industries doing well today include healthcare technology, construction materials, and household products. Industries showing weakness include healthcare providers, independent power, and biotechnology. The VIX is up 6.65% to 14.73 after closing on Monday at 13.84. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 26,922 March-16 290 on the board. The total put/call ratio as of 10:00 AM was 0.91 (483,558/437,754). The advancers/decliners ratio for NYSE stocks is 576/2,402 while the advancers/decliners ratio for NASDAQ stocks is 739/2,185.

Symbols: AAPL AMAT MU SPY

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