Major indices are in the green this Thursday morning after two pieces of good economic news. The Commerce Department reported that the US trade deficit narrowed by 2.7% in August, which should be good for President Trump who promised to make narrowing the deficit a high priority. Jobless claims also fell last week, down to 260K, a sign that the negative economic impact of the three recent hurricanes is already fading. Internet highflier Shopify (SHOP) is down 8% this morning, having fallen 11% on Wednesday after a negative report from short-seller Citron.
Here are your Thursday morning market metrics. Industries doing well today include metals & mining, beverages, and internet & catalog retail. Industries showing weakness include air freight, biotechnology, and healthcare technology. The VIX is down 2% to 9.44 after closing on Wednesday at 9.63. The most heavily traded options this morning are the SPDR S&P 500 (SPY), with 4,301 October-6 255 calls on the board. The total put/call ratio as of 10:00 AM was 1.05 (244,655/256,623). The advancers/decliners ratio for NYSE stocks is 1,776/989, while the advancers/decliners ratio for NASDAQ stocks is 1,532/1,122.