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Stocks open higher out of the gate

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.

West Texas Intermediate crude is trading at $52.55. At present, the S&P 500 is up 0.25%, the DJIA is down 0.1%, and the NASDAQ is up 0.49%.

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.

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.