Stocks mixed as Ford lifts DJIA

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Major indices are mixed this Wednesday morning as shares of Ford (F) are up slightly — 0.2% — after rising by more than 2% on Tuesday. Ford’s rise is due both to strong September sales data as well as a higher forecast profit margin. In other news, Mylan (MYL) is up 17.6% and Teva (TEVA) pharmaceuticals is down 12.3% after the FDA’s surprise decision to allow Teva to produce a generic version of Copaxone, Teva’s blockbuster MS drug.

West Texas Intermediate crude is trading at $50.26. At present, the S&P 500 is down 0.01%, the DJIA is up 0.06%, and the NASDAQ is up 0.07%.

Here are your Tuesday morning market metrics. Industries doing well today include internet & catalog retail, tobacco, and airlines. Industries showing weakness include commercial services, diversified consumer services, and construction materials. The VIX is up 3.5% to 9.81 after closing on Tuesday at 9.51. The most heavily traded options this morning are the SPDR S&P Metals and Mining ETF (XME), with 4,980 November-17 32 puts on the board. The total put/call ratio as of 10:00 AM was 0.82 (240,533/198,227). The advancers/decliners ratio for NYSE stocks is 1,256/1,523, while the advancers/decliners ratio for NASDAQ stocks is 1,310/1,371.

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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