Swing and a miss

 

Stocks are down at mid-day Friday with the Nasdaq being hardest hit of the major indices. Disappointing earnings results from both Amazon (AMZN) and Alphabet (GOOGL) have pulled the Nasdaq down with other major indices following suit.

At present, the S&P 500 is down 1.79%, the DJIA is down 1.34%, and the NASDAQ is down 2.36%.

Industries doing well today only include Automobiles. Industries showing weakness include Health Care Technology, Construction Materials, and Household Durables. The VIX is up 1.54 to 25.76 after the previous close of 24.22. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 55,096 Nov 16 248 puts on the board. The total put/call ratio as of 10:00 AM was 0.95 (494,726/518,428). The advancers/decliners ratio for NYSE stocks is 504/2,456, while the advancers/decliners ratio for NASDAQ stocks is 732/2,299.

[InvestorsKeyhole, various news and data sources]

Symbols: AMZN GOOGL SPY

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