Stocks rise, lead by industrials

Sunrise

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.

Symbols: SPY
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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