Markets still in turmoil

The stock-market roller coaster is still going Friday morning. World markets fell overnight, but major U.S. equity indices are higher this morning, although they have retreated a bit since an initial surge at the open.

At present, the S&P 500 is up 0.80%, the DJIA is up 0.54%, and the NASDAQ is up 0.87%.

Industries doing well today include Semiconductors & Semiconductor Equipment, Internet Software & Services, and Leisure Products. Industries showing weakness include Air Freight & Logistics, Internet & Catalog Retail, and Road & Rail. The VIX is down 3.96 to 29.49 after closing on Thursday at 33.46. The most heavily traded options this morning are for the PowerShares QQQ Trust, Series 1 (QQQ), with 20,040 March 152 puts on the board. The total put/call ratio as of 10:00 AM was 1.40 (606,560/433,254). The advancers/decliners ratio for NYSE stocks is 1,480/1,412 while the advancers/decliners ratio for NASDAQ stocks is 1,750/1,078.

Symbols: QQQ
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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