Major indices are in the red this Thursday morning. JPMorgan (JPM) reported third quarter earnings this morning of $1.76 per share, comfortably beating the consensus estimate of $1.67 per share. Even so, the Street is finding cause to disapprove, as shares of JPM are lower by about 0.5%. New unemployment claims came in lower than expected this morning, offering some evidence that the US job market remains strong despite short-term losses from the recent hurricanes. Mercadolibre (MELI) is down 6% so far today.
Here are your Thursday morning market metrics. Industries doing well today include trading companies, software, and life sciences tools. Industries showing weakness include diversified telecom, media, and auto components. The VIX is up 2.2% to 10.07 after closing on Wednesday at 9.85. The most heavily traded options this morning are for the Financial Select Sector SPDR ETF (XLF), with 38,035 November-17 27 calls, 38,001 November-17 26 puts, and 38,000 November-27 25 puts on the board. The total put/call ratio as of 10:00 AM was 1.08 (334,785/360,126). The advancers/decliners ratio for NYSE stocks is 1,146/1,648 while the advancers/decliners ratio for NASDAQ stocks is 1,059/1,647.