Stocks are higher this Friday morning as the world prepares for the inauguration of President Trump. The price of oil is rebounding after several days of decline. Merck (MRK) is up 3.85% this morning after rival Bristol-Myers Squibb (BMY) announced it would not seek accelerated approval of its lung cancer drug, giving Merck a big head start.
Here are your Wednesday morning market metrics. Industries doing well today include household products, semiconductors, and containers & packaging. Industries showing weakness include industrial conglomerates, diversified consumer services, and automobiles. The VIX is down 0.22% to 12.50 after closing on Thursday at 12.78. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 20,352 January 225 puts on the board. The total put/call ratio as of 10:00 AM was 1.36 (254,319/344,777). NYSE Adv/Dec 1,863/901. Nasdaq Adv/Dec 1,597/784.