Major indices are in the green this Friday morning as the market awaits Janet Yellen’s speech in Jackson Hole WY. It has now been more than two weeks without a new high on the S&P 500, but the damage, coming in between one and two percent, is not as bad as one might suppose. Shares of Splunk (SPLK) are up 9% this morning after the company reported better than expected earnings and revenue in the second quarter, while shares of GameStop (GME) are down by 12%.
Here are your Friday morning market metrics. Industries doing well today include multiline retail, airlines, and communications equipment. Industries showing weakness include construction materials, independent power, and metals & mining. The VIX is down 6.5% to 11.44 after closing on Thursday at 12.23. The most heavily traded options this morning are for the SPDR S&P 500 ETF, (SPY), with 4,427 August-25 puts on the board. The total put/call ratio as of 10:00 AM was 0.95 (263,124/249,277). The advancers/decliners ratio for NYSE stocks is 2,003/786, while the advancers/decliners ratio for NASDAQ stocks is 1,691/980.