Tech stocks fall

free falling

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%.

West Texas Intermediate crude is trading at $50.23. At present, the S&P 500 is down 0.3%, the DJIA is down 0.12%, and the NASDAQ is down 0.56%.

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.

Symbols: IWM NVDA
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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