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Stocks open higher ahead of holiday

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]    

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.