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Another day in the red

Stocks are lower Thursday morning. Earnings reports, while there have been a few bright spots, haven’t been enough to reverse sentiment. Traders’ moods were made no better by yesterday’s clear signal from the Federal Reserve that further interest-rate increases are coming, and soon, even as they voted to let things stand for now.

At present, the S&P 500 is down 0.01%, the DJIA is down 0.04%, and the NASDAQ is up 0.06%.

Industries doing well today include Diversified Telecommunication Services, Energy Equipment & Services, and Electrical Equipment. Industries showing weakness include Air Freight & Logistics, Diversified Consumer Services, and Tobacco. The VIX is up 0.06 to 14 after closing on Wednesday at 13.51. The most heavily traded options this morning are for the NXP Semiconductors (NXPI), with 6,000 April 130 calls on the board. The total put/call ratio as of 10:00 AM was 1.03 (306,851/297,560). The advancers/decliners ratio for NYSE stocks is 1,292/1,568 while the advancers/decliners ratio for NASDAQ stocks is 1,268/1,513.

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Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.