Stocks fall again as N Korea crisis weighs


Major indices are in the deep in the red this Thursday, as there appears to be no happy ending in sight for the war of words between the US and North Korea. The crisis isn’t dampening the world’s thirst for oil, as WTI crude is trading back up near $50 per barrel. Gold and other precious metals are rising too, with the yellow stuff now at $1,291 per ounce. Twenty-First century Fox (FOXA) is up 2.26% after strong earnings and Kohl’s (KSS) is down 8.35% despite reporting sales in line with most estimates.

West Texas Intermediate crude is trading at $49.48. At present, the S&P 500 is down 0.76%, the DJIA is down 0.55%, and the NASDAQ is down 1.14%.

Here are your Thursday morning market metrics. The only industry doing well today media. Industries showing weakness include multiline retail, internet & catalog retail, and semiconductors. The VIX is up 33% to 14.78 after closing on Wednesday at 11.11. The most heavily traded options this morning are for the SPDR S&P 500 ETF, (SPY), with 5,501 September-29 243 puts on the board. The total put/call ratio as of 10:00 AM was 0.94 (427,321/403,226). The advancers/decliners ratio for the NYSE is 518/2,372 and for the NASDAQ 648/2,128.

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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