Major indices are in the red this Friday morning as global oil prices tumble back down below $50 per barrel and the yield on the US ten-year treasury rises all the way to 2.4%. This caps off what has otherwise been a very good week for stock and will be, if the trend continues, the first down day of the week. Costco (COST) reported earnings after the bell on Thursday, soundly beating both earnings and revenue expectations, but it seems the Street was hoping for better. Shares of COST are down 5.4%.
Here are your Friday morning market metrics. Industries doing well today include diversified consumer services, airlines, and automobiles. Industries showing weakness include diversified telecom, food & staples, and metals & mining. The VIX is up 3.5% to 9.51 after closing on Thursday at 9.19. The most heavily traded options this morning are the PowerShares QQQ ETF (QQQ), with 11,000 Januanry-19 135 puts on the board. The total put/call ratio as of 10:00 AM was 0.78 (342,455/268,229). The advancers/decliners ratio for NYSE stocks is 776/2,032, while the advancers/decliners ratio for NASDAQ stocks is 1,166/1,488.