Traders got a welcome break from recent market tedium this Wednesday morning, as most stocked opened well in the green, having risen overnight in the aftermarket. The rally is not broad, however, as the NASDAQ is up significantly while the Dow Jones is hovering just above breakeven. Morgan Stanley (MS) reported excellent earnings this morning and is up 3%, while Goldman Sachs (GS) came in under expectation due to trading losses.
Here are your Wednesday morning market metrics. Industries doing well today include containers & packaging, distributors, and construction & engineering. Industries showing weakness include IT services, household products, and electric utilities. The VIX is up 1.6% to 14.18, after closing on Tuesday at 14.66. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 19,336 April-28 230.5 calls on the board. The total put/call ratio as of 10:00 AM was 0.59 (830,470/490,810). The advancers/decliners ratio for the NYSE is 1,487/679 and for the NASDAQ, 1,246/471.