Major indices in the green this morning after stocks fell on Wednesday afternoon following the Fed’s decision to raise interest rates by a quarter of a point. The 10-year US Treasury bond yield is now 2.575%, and the dollar has surged in value against Euro and Yen. Gold and oil too are lower this morning vs the dollar, with oil now having fallen for three days in a row. Pier 1 Imports (PIR) is up 30% after crushing third quarter earnings expectations.
Here are your Thursday morning market metrics. Industries doing well today include healthcare technology, airlines, and consumer finance. Industries showing weakness include metals & mining, internet & catalog retail, and personal products. The VIX is down 3.9% to 12.68 after closing on Wednesday at 13.19. The most heavily traded options this morning are for The VanEck Vectors Gold Mining ETF (GDX), with 6,026 January 20 calls and 5,285 January 19 calls on the board. The total put/call ratio as of 10:00 AM was 0.86 (298,113/257,211). NYSE Adv/Dec 1,670/1,223. Nasdaq Adv/Dec 1,614/818.