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.
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.