Stocks lower as global anxiety continues

 

Major indices are lower this Tuesday morning as anxiety continues over the weekend far-right terror attack in Charlottesville and the conflict with North Korea. The CEOs of Intel and Under Armour have left President Trump’s advisory council over the president’s response to the Charlottesville attack. The global price of oil has fallen sharply over the last 24 hours. TJX Companies (TJX) is up 1.5% after beating earnings expectations.

West Texas Intermediate crude is trading at $47.20. At present, the S&P 500 is down 0.12%, the DJIA is down 0.05%, and the NASDAQ is down 0.22%.

Here are your Tuesday morning market metrics. Industries doing well today include diversified consumer services, consumer finance, and tobacco. Industries showing weakness include distributors, textiles, and specialty retail. The VIX is down 3.7% to 11.87 after closing on Monday at 12.33. The most heavily traded options this morning are for the SPDR S&P 500 ETF, (SPY), with 8,280 October-20 233 puts on the board. The total put/call ratio as of 10:00 AM was 0.94 (393,586/368,987). The advancers/decliners ratio for the NYSE is 1,035/1,785 and for the NASDAQ 1,012/1,733.

Symbols: SPY TJX
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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