The market can handle disaster, political turmoil, and the threat of nuclear war, but it will always react harshly in the event of a lackluster Apple (AAPL) product announcement, and indeed, Apple’s recent unveiling of the iPhone 8 and iPhone X lacked the appropriate luster. In other news, Bank of America (BAC) is up 0.5%.
Here are your Wednesday morning market metrics. Industries doing well today include multiline retail, energy equipment, and healthcare technology. Industries showing weakness include construction materials, technology hardware, and metals & mining. The VIX is up 0.2% to 10.61 after closing on Tuesday at 10.58. The most heavily traded options this morning are for Bank of America (BAC), with 21,268 December-15 25 calls on the board. The total put/call ratio as of 10:00 AM was 0.75 (314,017/236,154). The advancers/decliners ratio for NYSE stocks is 1,377/1,349, while the advancers/decliners ratio for NASDAQ stocks is 1,084/1,497.