Major indices are mixed this Thursday morning as hundreds of companies report earnings every day in the market’s busiest week for third quarter earnings results. The Euro is down against the dollar after ECB’s Draghi announces that there will be fewer bond purchases. In a crushing blow to many biotech investors, chemotherapy giant Celgene (CELG) is down 18% after giving disappointing 2018 guidance. On the plus side, Twitter (TWTR) is up 11% after a third quarter earnings win.
Here are your Thursday morning market metrics. Industries doing well today include commercial services, airlines, and road & rail. Industries showing weakness include biotechnology, metals & mining, and construction materials. The VIX is down 2.8% to 10.92 after closing on Wednesday at 11.23. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 6,807 November-17 146 puts on the board. The total put/call ratio as of 10:00 AM was 0.97 (235,332/228,283). The advancers/decliners ratio for NYSE 1,754/998 stocks is while the advancers/decliners ratio for NASDAQ stocks is 1,553/1,133.