After the open… Chinese stocks have turned volatile this morning as the market struggles to determine the implications of the surprise announcement by China's government that it will allow foreign investment in its stock market. The broader market, too, is in disarray, with shares of General Motors (GM) weighing on the Dow, following new allegations in the interminable ignition switch scandal. The S&P 500 has been up and down, but is currently down 0.02%.
Here are your Monday morning market metrics. Industries doing well today include Road & Rail, Household Durables and Energy Equipment. Industries showing weakness include Media, Gas Utilities and Communications Equipment.
The VIX is up 0.6% to 13.20 after closing on Friday at 13.12. The most active option strike is for Petroleo Brasileiro (PBR) with 14,064 November 20 calls changing hands. The put-call volume ratio is 1.06, (269,553/286,691). NYSE Adv/Dec 1,678/1,272. Nasdaq Adv/Dec 1,409/1,013.
Julian Close has been a business writer since the first day of the twenty-first century, having written for PRA International and the United Nations Department of Peacekeeping. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. He became a stockbroker in 1993, but now works for Fresh Brewed Media and uses his powers only for good. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.