Major indices are mostly unchanged this Monday morning, as investors mull over positive recent economic numbers, but continue to question the market’s high valuations. Global oil prices are somewhat lower today than they were on Friday. Shares of CVS (CVS) are down 1.5% for a total of 5.5% since closing on Thursday night. Other drug store chains are suffering too, reportedly due to rumors that Amazon.com (AMZN) is very close to announcing a major move into prescription drugs.
Here are your Monday morning market metrics. Industries doing well today include diversified consumer services, tobacco, and semiconductors. Industries showing weakness include industrial conglomerates, textiles, and healthcare. The VIX is up 4.6% to 10.10 after closing on Friday at 9.65. The most heavily traded options this morning are for Bank of America (BAC), with 9,682 October 20 26.5 calls on the board. The total put/call ratio as of 10:00 AM was 0.74 (270,810/199,443). The advancers/decliners ratio for NYSE stocks is 1,373/1,369, while the advancers/decliners ratio for NASDAQ stocks is 1,226/1,390.