Stocks flat after big drop last week

Major equity indices are rising since the open Monday morning, but remain at levels close to where they ended last week. Bond yields have also stabilized, after rising sharply on increased expectations for inflation.

At present, the S&P 500 is down 0.18%, the DJIA is down 0.37%, and the NASDAQ is up 0.15%.

Industries doing well today include Technology Hardware, Storage & Peripherals, Metals & Mining, and Personal Products. Industries showing weakness include Diversified Financial Services, Tobacco, and Banks. The VIX is up 0.05 to 17.37 after closing on Friday at 17.31. The most heavily traded options this morning are for the S&P 500 Trust ETF (SPY), with 46,155 April 300 calls on the board. The total put/call ratio as of 10:00 AM was 0.65 (720,397/1,109,258). The advancers/decliners ratio for NYSE stocks is 1,045/1,884 while the advancers/decliners ratio for NASDAQ stocks is 1,103/1,791.

Symbols: SPY
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at or follow him on Twitter: @BRatMICenter.

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