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Stocks mixed, interest rates rise

Major indices are mixed this Tuesday morning as the US 10-year Treasury now yields 2.52%—its highest yield since March of 2017. The Dow 30 is slightly higher, while a highly chaotic NASDAQ is leaping back and forth across the starting line. Many computer users faced a frustrating morning, caused in part by the recently announced flaw in AMD, ARM Holdings, and Intel chips that created a security flaw that allowed for classes of attacks known as “Spectre” and “Meltdown.” Today’s problem is that a patch sent out by Microsoft (MSFT) to address the previous problem resulted in AMD-based computers becoming unbootable. Each man is in his Spectre’s power.

At present, the S&P 500 is up 0.12%, the DJIA is up 0.22%, and the NASDAQ is down 0.01%. West Texas Intermediate crude is trading at $61.96. Bitcoin is at $14,538 on Bitstamp.

Industries doing well today include life sciences tools, auto components, multiline retail. Industries showing weakness include metals & mining, textiles, and diversified telecom. The VIX is up 3.26% to 9.83 after closing on Tuesday at 9.52. The most heavily traded options this morning are for the S&P 500 SPDR ETF (ETF), 13,776 January-19 calls on the board. The total put/call ratio as of 10:00 AM was 0.7 (367,720/232,344) The advancers/decliners ratio for NYSE stocks is 1,268/1,574 while the advancers/decliners ratio for NASDAQ stocks is 1,362/1,414.

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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.