Stocks are modestly lower Wednesday morning while the yield on the 10-year Treasury note is basically unchanged. Today’s market mover is expected to be the release of the minutes of the Federal Reserve’s most-recent meeting, which will come out early this afternoon.
West Texas Intermediate crude is trading at $53.57. At present, the S&P 500 is down 0.17, the DJIA is down 0.01%, and the NASDAQ down 0.18%.
Here are your Wednesday-morning market metrics. Industries doing well today include chemicals, textiles apparel and luxury goods and internet software and services. Industries showing weakness include metals and mining, air freight and logistics and construction and engineering. The VIX is up 0.26 to 11.86 after closing on yesterday at 11.57. The most heavily traded options this morning are for the Guggenheim currency shares Euro ETF (FXE), with 24,140 contracts of the June 107 call on the board. The total put/call ratio as of 10:00 AM was 0.91. The advancers/decliners ratio for the NYSE is 1,042/1,746, and for the NASDAQ, 882/1,561.