Stocks take a breather


Stocks are taking a well-earned breather this Thursday morning, with the major indices going nowhere in particular. Global oil prices are looking stronger than they have in weeks, while the dollar and bond yields continue to fall. Volatile Sarepta Therapeutics (SRPT) is up 19.6% today after beating revenue projections. Hertz (HTZ) is down 4% today after rising 80% this month.

West Texas Intermediate crude is trading at $47.47. At present, the S&P 500 is up 0.11%, the DJIA is down 0.03%, and the NASDAQ is up 0.11%.

Here are your Thursday morning market metrics. Industries doing well today include trading companies, textiles, and pharmaceuticals. Industries showing weakness include road & rail, specialty retail, and tobacco. The VIX is up 1% to 9.9 after closing on Wednesday at 9.79. The most heavily traded options this morning are for the SPDR S&P Biotech ETF (XBI), with 12,500 August 75 calls, and 12,500 August 79 calls on the board. The total put/call ratio as of 10:00 AM was 0.7 (386,844/270,475). The advancers/decliners ratio for the NYSE is 1,545/1,162 and for the NASDAQ, 1,378/1,211.

Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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