Login to your account

Lost your password?

Stock slide continues

Major indices are in the red this Monday morning as The Street considers the long-term effects of higher gasoline prices. Global oil prices held on to most of last week’s gains over the weekend. GE (GE) is down 3% today after announcing a cut to its dividend. Shares of Mattel (MAT) are up 19.5%, apparently due to rumors that Hasbro (HAS) will move to acquire the company. HAS shares are up 7.8%.

West Texas Intermediate crude is trading at $56.83. At present, the S&P 500 is down 0.1%, the DJIA is down 0.01%, and the NASDAQ is down 0.16%.

Industries doing well today include leisure products, diversified consumer services, and personal products. Industries showing weakness include industrial conglomerates, energy equipment, and trading companies. The VIX is up 3% to 11.63 after closing on Friday at 10.29. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 10,116 December-15 264 calls and 10,000 December-15 271 calls on the board. The total put/call ratio as of 10:00 AM was 0.79 (380,253/299,210). The advancers/decliners ratio for NYSE stocks is 1,009/1,736 while the advancers/decliners ratio for NASDAQ stocks is 1,006/1,733.

Symbols: , , ,

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.