Stocks are higher at mid morning Thursday. The NASDAQ is leading the way, helped by a better-than-expected quarterly report from Cisco (CSCO). The networking hardware maker is also a component of the Dow Jones Industrial Average, but it’s low share price means it has a relatively small effect on that market measure.
At present, the S&P 500 is up .30%, the DJIA is up 0.52%, and the NASDAQ is up 0.72%.
Industries doing well today include Communications Equipment, Technology Hardware, Storage & Peripherals, and Aerospace & Defense. Industries showing weakness include Oil, Gas & Consumable Fuels, Health Care Providers & Services, and Automobiles. The VIX is down .20 to 19.06 after closing yesterday at 19.26. The most heavily traded options this morning are for the iShares MSCI Emerging Markets Index ETF (EEM), with 21,402 3/16/18 49.50 calls on the board. The total put/call ratio as of 10:00 AM was 0.72 (530,786/383,916). The advancers/decliners ratio for NYSE stocks is 1,671/1,192 while the advancers/decliners ratio for NASDAQ stocks is 1,837/953.