Stocks are higher as the market reopens after the Washington’s Birthday holiday. Bond prices are lower, raising yields, but all the major stock indices are higher, as is the volatility index.
West Texas Intermediate crude is trading at $54.35. At present, the S&P 500 is up 0.56%, the DJIA is up 0.53%, and the NASDAQ is up 0.42%.
Here are your Tuesday-morning market metrics. Industries doing well today include construction and engineering, construction materials and food products. Industries showing weakness include metals and mining, distributors and airlines. The VIX is up 0.36 to 11.84 after closing on Friday at 11.49. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 15,811 contracts of the March 1-expiring 230 puts on the board. The total put/call ratio as of 10:00 AM was 0.71. The advancers/decliners ratio for the NYSE is 2,060/691, and for the NASDAQ, 1,486/916.