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.
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.