Stocks are higher at mid-morning Monday. Bonds continue to sell off, pushing interest rates higher. Issues linked to industrials, and industrial metals in particular, are gaining ground this morning.
West Texas Intermediate crude is trading at $52.94. At present, the S&P 500 is up 0.41%, the DJIA is up 0.58%, and the NASDAQ is up 0.43%.
Here are your Monday-morning market metrics. Industries doing well today include machinery, metals and mining, and banks. Industries showing weakness include diversified telecommunications, multiline retail, and specialty retail. The VIX is up .53 to 11.38 after closing on Friday at 10.85. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 51,294 February 24-expiring 232 calls on the board. The total put/call ratio as of 10:00 AM was 0.98. The advancers/decliners ratio for the NYSE is 1,725/1,156, and for the NASDAQ, 1,636/1,013.