Posted: Monday, November 24, 2014 10:24 AM ET
By: Julian Close
After the open… stocks are rising this morning, responding to high hopes for the coming holiday shopping season, a stabilizing price of oil, and what appears to be a rally in Asian and European stocks as well. All is looking good, but take note, the average P/E of S&P 500 stocks just crossed above 20, putting the market back in what most would agree is a zone of relatively high valuation. The S&P 500 is now up 0.25%.
Here are your Monday morning market metrics. Industries doing well today include Biotechnology, Airlines and... Read More