Major indices are in the red this Thursday morning, with the stocks in the high flying tech sector leading the market lower. Bond yields are not much changed following Wednesday’s Fed decision to leave rates unchanged. The dollar received a boost from the Fed’s decision to begin unwinding its large debt position, but that boost is fading somewhat at this hour. Shares of NVIDIA (NVDA) are taking a hit this morning, down 2.5%.
Here are your Thursday morning market metrics. Industries doing well today include real estate management, automobiles, and multi-utilities. Industries showing weakness include technology hardware, airlines, and food & staples retailing. The VIX is up 0.8% to 9.86 after closing on Wednesday at 9.78. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 8,915 November-17 147 calls on the board. The total put/call ratio as of 10:00 AM was 0.94 (262,893/247,476). The advancers/decliners ratio for NYSE stocks is 1,179/1,504, while the advancers/decliners ratio for NASDAQ stocks is 1,078/1,580.