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Stocks rise higher as Trump rally continues

Major indices are in the green this Black Friday morning as the market kicks off a half-session after being closed on Thursday for Thanksgiving. Despite a slight rise since last week, this week’s initial unemployment claim number came in at 251K, indicating, still, a strong and strengthening labor market. Travel site company Ctrip.com (CTRP) is the days big winner, having reported earning $0.17 per share in the third quarter instead of the $0.11 the Street was expecting.

West Texas Intermediate crude is trading at $47.35. At present, the S&P 500 is up 0.2%, the DJIA is up 0.29%, and the NASDAQ is up 0.1%.

Here are your Friday morning market metrics. Industries doing well today include multi-utilities, electric utilities, and diversified consumer services. Industries showing weakness include energy equipment services, oil & gas, and biotechnology. The VIX is up 2% to 12.68 after closing on Wednesday at 12.43. The most heavily traded options this morning are for Ctrip.com (CTRP), with 4,158 December-2 40 calls on the board. The total put/call ratio as of 10:00 AM was 0.64 (343,751/218,298). NYSE Adv/Dec 1,541/986. Nasdaq Adv/Dec 1,184/808.


Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.