Stocks tick lower ahead of Fed minutes


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.

Symbols: FXE
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 or follow him on Twitter: @BRatMICenter.

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