Stocks lower to start Tuesday

Major equity indices are lower at mid morning Tuesday with the tech-heavy NASDAQ performing the best. Conviction seems to be lacking, with volumes running below normal for the first time in several sessions.

At present, the S&P 500 is down 0.34%, the DJIA is down 0.39%, and the NASDAQ is down 0.07%.

Industries doing well today include Construction Materials, Internet & Catalog Retail, and Diversified Consumer Services . Industries showing weakness include Health Care Technology, Specialty Retail, and Energy Equipment & Services. The VIX is up 0.26 to 25.87 after closing yesterday at 25.61. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 7,515 2/14/18 272 calls on the board. The total put/call ratio as of 10:00 AM was 0.87 (366,487/319,400). The advancers/decliners ratio for NYSE stocks is 945/1,925 while the advancers/decliners ratio for NASDAQ stocks is 1,059/1,703.

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 braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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