Tech drags stocks down


Major indices are down at mid-morning Wednesday with the NASDAQ being the worst performer. There seems to be some indecision in the tech sector prior Apple’s (AAPL) new product launch event early this afternoon.

At present, the S&P 500 is down 0.13%, the DJIA is up 0.09%, and the NASDAQ is down 0.81%.

Industries doing well today include Tobacco, Energy Equipment & Services, and Diversified Telecommunication Services. Industries showing weakness include Semiconductors & Semiconductor Equipment, Internet Software & Services, and Trading Companies & Distributors. The VIX is up 0.30 to 13.52 after the previous close of 13.22. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 13,315 Oct 19 42.50 calls on the board. The total put/call ratio as of 10:00 AM was 0.79 (217,064/274,024). The advancers/decliners ratio for NYSE stocks is 1,601/1,246, while the advancers/decliners ratio for NASDAQ stocks is 1,149/1,794.

[InvestorsKeyhole, various news and data sources]

Symbols: AAPL EEM

You May Also Like