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.
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.