Major indices are somewhat lower in morning trading this Monday morning, following a strange G-20 meeting in which the world’s financial leaders dropped pledge to oppose protectionism, apparently in response to pressure from the US. Things are not looking any better for oil this week, as WTI crude is now down near the $48 mark. It is a good day for semiconductor companies, including AMD (AMD), Micron Technology (MU), and NVIDIA (NVDA). It is a great day for the cybersecurity company FireEye (FEYE).
Here are your Monday morning market metrics. Industries doing well today include tobacco, technology hardware, and airlines. Industries showing weakness include energy equipment. The VIX is up 0.3% to 11.31 after closing on Friday at 11.28. The most heavily traded options this morning are for The Select Sector SPDR Trust – The iShares Russell 2000 (IWM), with 8,020 March-31 130 puts on the board. The total put/call ratio as of 10:00 AM was 1.2 (243,987/292,842). The advancers/decliners ratio for the NYSE is 542/1,474 and for the NASDAQ, 482/1,140.