Stocks are falling Monday morning as rhetoric, and uncertainty, about tariffs and a trade war continue. Bond yields are lower this morning, which, prior to last week’s tariff announcement, had been a bullish sign for stocks.
At present, the S&P 500 is down 0.03%, the DJIA is down 0.07%, and the NASDAQ is down 0.10%.
Industries doing well today include Diversified Consumer Services, Independent Power and Renewable Electricity Producers, and Equity Real Estate Investment Trusts. Industries showing weakness include Road & Rail, Aerospace & Defense, and Apparel & Luxury Goods. The VIX is down 0.16 to 19.43 after closing Friday at 19.59. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 20,681 Mar. 5 265 puts on the board. The total put/call ratio as of 10:00 AM was 0.67 (199,351/298,233). The advancers/decliners ratio for NYSE stocks is 1,384/1,511, while the advancers/decliners ratio for NASDAQ stocks is 1,331/1,491.