Market still hot

Monday, July 17, 2017 10:37 AM | Julian Close

Temperatures across the country will be a bit cooler today than they were last week, but it’s still hot. The same holds true for the market, which is flat/mixed during early trading. Political turmoil continues to dominate the news, and it now seems unlikely that Trumpcare will not pass in anything close to its current form. That’s essentially neutral news to traders, as most dislike Obamacare, many loathe Trumpcare, and all fear whatever might come next. Sprint (S) is down 2.5% and YY (YY) is up 4.25%. West Texas Intermediate crude is trading at $46.50. At present, the S&P 500 is up 0.07%, the DJIA is flat, and the NASDAQ is up 0.23%. Here are your Monday morning market metrics. Industries doing well today include metals & mining, multiline retail, and distributors. Industries showing weakness include independent power, air freight, and road & rail. The VIX is up 0.34% to 9.85 after closing on Friday at 9.51. The most heavily traded options this morning are for the iShares iBoxx $ High Yield Corp Bond ETF (HYG), with 19,700 August 87 puts on the board. The total put/call ratio as of 10:00 AM was 1.07 (251,105/267,961). The advancers/decliners ratio for the NYSE is 1,620/1,201 and for the NASDAQ, 1,373/1,337.

Share this article:

Related Companies

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like

Related Articles

Finding Value in a Record Market

Stocks to Buy as the Market Hits New Highs

Three stocks that are set up for gains

Related Companies