Major indices are in the green Friday morning, as the Commerce Department reported that the US economy had grown a better than expected 3% in the third quarter. In other good news, consumer spending grew at 2.4%. Though the DJIA is up only slightly, the NASDAQ is up an extraordinary 1.5%. The earnings parade continues today, and the big winners are Microsoft (MSFT), up 6.5%, Amazon (AMZN), up 8.1%, Intel (INTC), up 5.1% and First Solar (FSLR), up 14%. Taking the pain this morning is Expedia (EXPE), down a heartbreaking 18%. In other news, CVS (CVS) has made a surprise bid to acquire Aetna (AET).
Here are your Friday morning market metrics. Industries doing well today include internet & catalog retail, software, and internet software. Industries showing weakness include healthcare technology, leisure products, and multiline retail. The VIX is down 4.78% to 10.76 after closing on Thursday at 11.3. The most heavily traded options this morning are for Micron Technology (MU), with 8,974 December-15 42 calls on the board. The total put/call ratio as of 10:00 AM was 0.91 (321,032/292,366). The advancers/decliners ratio for NYSE 1,187/1,568 stocks is while the advancers/decliners ratio for NASDAQ stocks is 1,327/1,417.