Major indices were mixed this Thursday morning after 24 hours of political tumult the likes of which America hasn’t seen since first Continental Congress. The dollar reversed course and had a bit of a rebound over the last 24-hours. Bond prices, however, are continuing higher. Cisco Systems (CSCO) is down a devastating 7.8% after announcing 1,100 jobs cuts. In the plus column, NVIDIA (NVDA) is up 3.66%.
Here are your Thursday morning market metrics. Industries doing well today include technology hardware, semiconductors, and internet / catalog retail. Industries showing weakness include Communications equipment, independent power, construction materials. The VIX is down 8.5% to 14.27 after closing on Wednesday at 15.59. The most heavily traded options this morning are for the iShares Trust – iShares Russell 2000 ETF (IWM), 30,344 June 129 puts, 29,960 June 116 puts, and 20,844 May-26 133 puts on the board. The total put/call ratio as of 10:00 AM was 1.21 (487,560/544,766). The advancers/decliners ratio for the NYSE is 1,412/1,465 and for the NASDAQ, 1,532/1,171.