Stocks rise following gap down

 

Major indices are up at mid-day Friday pre-market gap down. Window dressing could be effecting stocks as fund managers try to get rid of underperforming stocks and add names that have done well in the last trading day of the quarter.

At present, the S&P 500 is up 0.16%, the DJIA is up 0.18%, and the NASDAQ is up 0.21%.

Industries doing well today include Independent Power and Renewable Electricity Producers, Multi-Utilities, and Electric Utilities. Industries showing weakness include Construction Materials, Capital Markets, and Diversified Financial Services. The VIX is down 0.04 to 12.34 after the previous close of 12.41. The most heavily traded options this morning are for General Electric (GE), with 30,010 Mar 15 14 calls on the board. The total put/call ratio as of 10:00 AM was 0.91 (271,438/297,538). The advancers/decliners ratio for NYSE stocks is 1,865/1,019, while the advancers/decliners ratio for NASDAQ stocks is 1,687/1,247.

[InvestorsKeyhole, various news and data sources]

Symbols: GE

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