Stocks are higher at mid morning Wednesday as markets continues to recover from heavy selling earlier this week. Wynn Resorts (WYNN) is up sharply after the company’s CEO, Steve Wynn, resigned in the wake of sexual harassment allegations.
At present, the S&P 500 is up 0.88%, the DJIA is up 1.14%, and the NASDAQ is up 0.51%.
Industries doing well today include Leisure Products, Independent Power and Renewable Electricity Producers , and Aerospace & Defense. Industries showing weakness include Metals & Mining, Personal Products, and Health Care Technology. The VIX is down 7.18 to 22.84 after closing on Tuesday at 29.98. The most heavily traded options this morning are for the S&P 500 Trust ETF (SPY), with 29,745 March 250 puts on the board. The total put/call ratio as of 10:00 AM was 0.90 (517,301/573,188). The advancers/decliners ratio for NYSE stocks is 1,989/977 while the advancers/decliners ratio for NASDAQ stocks is 1,666/1,280.