Major indices are mixed this Wednesday morning as shares of Ford (F) are up slightly — 0.2% — after rising by more than 2% on Tuesday. Ford’s rise is due both to strong September sales data as well as a higher forecast profit margin. In other news, Mylan (MYL) is up 17.6% and Teva (TEVA) pharmaceuticals is down 12.3% after the FDA’s surprise decision to allow Teva to produce a generic version of Copaxone, Teva’s blockbuster MS drug.
Here are your Tuesday morning market metrics. Industries doing well today include internet & catalog retail, tobacco, and airlines. Industries showing weakness include commercial services, diversified consumer services, and construction materials. The VIX is up 3.5% to 9.81 after closing on Tuesday at 9.51. The most heavily traded options this morning are the SPDR S&P Metals and Mining ETF (XME), with 4,980 November-17 32 puts on the board. The total put/call ratio as of 10:00 AM was 0.82 (240,533/198,227). The advancers/decliners ratio for NYSE stocks is 1,256/1,523, while the advancers/decliners ratio for NASDAQ stocks is 1,310/1,371.