Stocks are below the break-even mark at mid-morning Thursday after some better-than-expected economic data sparked new concerns about the future path of interest rates. New claims for unemployment came in at a level not seen since 1969. Personal incomes and spending increased, while the Institute for Supply Management showed expansion in the manufacturing sector.
At present, the S&P 500 is down 0.02%, the DJIA is up 0.01%, and the NASDAQ is down 0.16%.
Industries doing well today include Independent Power and Renewable Electricity Producers, Air Freight & Logistics, and Road & Rail. Industries showing weakness include Multiline Retail, Auto Components, and Electronic Equipment, Instruments & Components. The VIX is up 1.16 to 21.01 after closing yesterday at 19.85. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 15,492 Mar. 16 255 puts on the board. The total put/call ratio as of 10:00 AM was 0.98 (388,241/396,071). The advancers/decliners ratio for NYSE stocks is 1,540/1,327, while the advancers/decliners ratio for NASDAQ stocks is 1,409/1,432.