Stocks opened significantly lower this Thursday morning, though those losses are being paired down in early trading. The global price of oil is rising sharply at this hour. The Initial Unemployment Claims number was higher than expected this morning, reversing the recent trend. CenturyLink (CTL) is down 9% today after an earnings miss and rising concerns that integration of its Level 3 acquisition is not going well.
Industries doing well today include personal products, media, and independent power. Industries showing weakness include professional services, semiconductors, and trading companies. The VIX is up 6% to 10.37 after closing on Wednesday at 9.78. The most heavily traded options this morning are for Bank of America (BAC), with 11,460 November-10 27 calls on the board. The total put/call ratio as of 10:00 AM was 0.86 (526,955/451,632). The advancers/decliners ratio for NYSE stocks is 1,133/1,695 while the advancers/decliners ratio for NASDAQ stocks is 1,107/1,675.