Stocks pulled back slightly this Thursday morning, after closing out the session on Wednesday with the S&P 500 within half a percentage point from its all-time high. This comes after ECB President Mario Draghi warned that the European economy would like suffer years of weak economic output as a result of having suffered years of weak economic output. One big winner this morning is Smuckers (SJM), which is up 7% after soundly beating the Street’s earnings estimate.
Here are your Thursday morning market metrics. Industries doing well today include airlines, healthcare equipment, and diversified consumer services. Industries showing weakness include independent power, metals & mining, and banks. The VIX is up 4.5% to 14.72 after closing on Wednesday at 14.08. The most heavily traded options this morning are for The Financial Select Sector SPDR Fund (XLF), with 25K June-30 24 calls changing hands. The total put/call ratio as of 9:00 AM was 0.98 (268,985/262,417). NYSE Adv/Dec 633/2,118. Nasdaq Adv/Dec 592/1,556.