Markets nervous after rough session

Wednesday, May 4, 2016 10:58 AM | Julian Close

Stocks are in the red this Wednesday morning, following a gruesome Tuesday session. Worries include the global economy, earnings, and deflation. Also, this morning’s ADP Employment report showed that only 156,000 jobs were created in April, making it the worst week for job creation since February of 2014.

West Texas Intermediate crude is trading at $44.77. At present, the S&P 500 is down 0.43%, the DJIA is down 0.27%, and the NASDAQ is down 0.43%.

Here are your Wednesday morning market metrics. Industries doing well today include independent power, media, and REITs. Industries showing weakness include airlines, construction, and internet/catalog retail. The VIX is up 0.3% to 15.97 after closing on Tuesday at 15.6. The most heavily traded options this morning are for CBS (CBS), with 11,012 June 62.5 calls changing hands. The total put/call ratio as of 9:00 AM was 0.87 (260,744/227,624). NYSE Adv/Dec 1,382/1,474. Nasdaq Adv/Dec 1,058/1,205.

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