Markets remain uncertain

No Direction

Major equity indices remain largely directionless after the open Thursday. Bond yields continue to rise, while stocks continue to move from positive to negative. Twitter (TWTR) is up sharply this morning after a better-than-expected earnings report.

At present, the S&P 500 is down 0.55%, the DJIA is down 0.85%, and the NASDAQ is down 0.52%.

Industries doing well today include Personal Products, Real Estate Management & Development , and Tobacco. Industries showing weakness include Leisure Products, Auto Components, and Independent Power and Renewable Electricity Producers. The VIX is down 0.87 to 26.89 after closing on Wednesday at 27.73. The most heavily traded options this morning are for the S&P 500 Trust ETF (SPY), with 26,454 February 9 268 puts on the board. The total put/call ratio as of 10:00 AM was 1.17 (353,400/302,494). The advancers/decliners ratio for NYSE stocks is 857/1,986 while the advancers/decliners ratio for NASDAQ stocks is 1,001/1,837.

Symbols: SPY TWTR
Bobby Raines

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.

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