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Stocks flat as traders watch Fed

Major indices are mixed or flat in Tuesday morning trading as the Federal Reserve begins its two day meeting, to be capped by announcements at 2:00 PM on Wednesday. Hurricane Maria is a powerful category 5 hurricane, but current forecasts suggest that it will likely miss the continental US. West Texas Intermediate crude oil is now trading back over $50 per barrel.

West Texas Intermediate crude is trading at $50.22. At present, the S&P 500 is flat%, the DJIA is up 0.06%, and the NASDAQ is down 0.06%.

Here are your Tuesday morning market metrics. Industries doing well today include leisure products, healthcare technology, and independent power. Industries showing weakness include construction materials, containers & packaging, and food products. The VIX is down 0.8% to 10.11 after closing on Monday at 10.15. The most heavily traded options this morning are for the iShares MSCI Emerging Markets ETF (EEM), with 13,300 September-29 46.50 calls on the board. The total put/call ratio as of 10:00 AM was 0.89 (275,906/246,052). The advancers/decliners ratio for NYSE stocks is 1,493/1,224, while the advancers/decliners ratio for NASDAQ stocks is 1,343/1,242.

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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.