Major indices are down at mid-day Monday after reports of "constructive" trade talks between the U.S. and China were walked back. WeWork is reportedly being investigated by the SEC over claims made in the company's S-1 document ahead of its cancelled IPO. This comes as the real estate company announced plans to fire as much as a third of its staff, with layoffs beginning as early as this week.
At present, the S&P 500 is down -0.21%, the DJIA is down -0.04%, and the NASDAQ is down -0.31%.
Industries doing well today include Household Products, Entertainment, and Electric Utilities. Industries showing weakness include Energy Equipment & Services, Real Estate Management & Development, and Construction & Engineering. The VIX is up 0.89 to 12.94 after the previous close of 12.05. The total put/call ratio as of 10:30 AM was 0.91 (292,642/321,046). The advancers/decliners ratio for NYSE stocks is 1,171/1,606 while the advancers/decliners ratio for NASDAQ stocks is 1,118/1,745.
[InvestorsKeyhole, various news and data sources]
