The stocks opened higher Monday after an up-and-down week last week, but the major indices have given back some of their opening gains. Bond yields, which were one of the things pointed to as a potential cause for last week’s selling frenzy, remain elevated in comparison to recent levels.
At present, the S&P 500 is up 0..41%, the DJIA is up 0.66%, and the NASDAQ is up 0.34%.
Industries doing well today include Communications Equipment, Technology Hardware, Storage & Peripherals, and Energy Equipment & Services. Industries showing weakness include Equity Real Estate Investment Trusts, Independent Power and Renewable Electricity Producers , and Multiline Retail. The VIX is down 30.21 to 28.85 after closing on Friday at 29.06. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 25,138 2/16/18 271.50 calls on the board. The total put/call ratio as of 10:00 AM was 0.78 (394,716/503,262). The advancers/decliners ratio for NYSE stocks is 1,551/1,363 while the advancers/decliners ratio for NASDAQ stocks is 1,530/1,326.