After the Open… Stocks are mixed in early trading as investors consider the global economic outlook. The situation in Iraq looks as grim as ever following the declaration of a new “caliphate,” as well as uncertainty about the potential success of the Iraqi army's efforts to dislodge the rebels from Tikrit. The market is also anxious about potentially bad manufacturing data coming out of China tomorrow.
Here are your Monday morning market metrics: Industries showing gains include Road & Rail, Paper & Forest Products and Technology Hardware. Industries showing weakness include Metals & Mining, Real Estate Management, and Containers & Packaging.
The VIX is up 3.3% to 11.63 after closing on Friday at 11.26. Apple (AAPL) options are the most actively traded today, with 12,004 September 105 calls changing hands, as well as another 11,634 July 3 (weekly) 93 calls. The put-call volume ratio is 0.74, (249,025/184,068). NYSE Adv/Dec 1,466/1,423. Nasdaq Adv/Dec 1,116/1,310.