After the Open… Stocks opened modestly higher this morning after closing roughly flat yesterday. Initial unemployment claims came in at 410,000 last week, compared to an upwardly revised 451,000 a week earlier.
Industries trading higher this morning include Plastics and Rubber, Non-Apparel Textiles and Auto and Truck Manufacturers. Trading lower this morning are Printing and Publishing, Construction and Agricultural Machinery and Water Utilities. Salesforce.com (CRM) is up 5%. Nokia (NOK) and MEMC Electronic Materials (WFR) are up 4%. Coach (COH), Toyota (TM) and Urban Outfitters (URBN) are up 2%. Best Buy (BBY) and J.B. Hunt (JBHT) are down 2%. Deere (DE) is down 4%. St Jude Medical (STJ) is down 7%.
The VIX is down 0.2 at 14.88 after closing yesterday at 15.08. Options on Bank of America (BAC) have appeared on the most-active list today with more than 50,887 contracts of the December 10 call changing hands. The put-call volume ratio is 1.04 (247,797/238,337). NYSE Adv/Dec 1,565/1,150. Nasdaq Adv/Dec 1,187/776. [InvestorsKeyhole, various news and data sources]