Major indices are down at mid-day Wednesday, falling from all-time highs as investors await new information regarding trade, impeachment, and Federal Reserve policy in the United States. Fed Chairman Jerome Powell testifies in front of Congress today, which may give further insight into monetary policy moving into a presidential election year. The CPI for October came in slightly above expectations, showing some inflation, though not nearly the Fed's 2% "symmetrical" target.
At present, the S&P 500 is down -0.10%, the DJIA is down -0.06%, and the NASDAQ is down -0.12%.
Industries doing well today include Metals & Mining, Electric Utilities, and Household Products. Industries showing weakness include Auto Components, Distributors, and Construction & Engineering. The VIX is up 0.29 to 12.97 after the previous close of 12.68. The total put/call ratio as of 10:30 AM was 0.90 (263,535/292,678). The advancers/decliners ratio for NYSE stocks is 1,188/1,564 while the advancers/decliners ratio for NASDAQ stocks is 1,052/1,754.
[InvestorsKeyhole, various news and data sources]
