Tariff threats keep investors guessing

 

Stocks are mixed at mid-day Tuesday as President Trump keeps investors guessing. If a trade deal is not reached between the United States and China during the G-20 summit this week, President Trump is likely to push for increased tariffs on $200 billion in Chinese goods, raising the tariffs to 25% from the already 10%. In addition, President Trump will seek to place duties on all remaining imports from China that have not already had tariffs imposed.

At present, the S&P 500 is up 0.01%, the DJIA is down 0.18%, and the NASDAQ is up 0.05%.

Industries doing well today include Airlines, Diversified Telecommunication Services, and Tobacco. Industries showing weakness include Aerospace & Defense, Auto Components, and Chemicals. The VIX is up 0.17 to 19.07 after the previous close of 18.90. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 35,131 Dec 5 272 calls on the board. The total put/call ratio as of 10:00 AM was 1.11 (237,191/213,657). The advancers/decliners ratio for NYSE stocks is 1,683/1,247 while the advancers/decliners ratio for NASDAQ stocks is 1,105/1,824.

[InvestorsKeyhole, various news and data sources]

Symbols: SPY

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