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Indices show little movement

Stocks are little changed at mid morning Thursday. The European Central Bank signaled that it is moving toward a less accomodative monetary policy this morning, while the tariff talk in the United States has moved from a hard-line across the board tariff, to a nebulous plan that may include exceptions for various other countries. A signing ceremony originally scheduled for this afternoon is likely to be a purely symbolic event, as final language of any executive order has yet to be finalized.

At present, the S&P 500 is up 0.13%, the DJIA is up 0.10%, and the NASDAQ is up 0.21%.

Industries doing well today include Airlines, Tobacco, and Beverages. Industries showing weakness include Diversified Consumer Services, Metals & Mining, and Health Care Technology. The VIX is down 0.71 to 17.05 after closing yesterday at 17.76. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 10,086 Mar. 23 277 calls on the board. The total put/call ratio as of 10:00 AM was 0.92 (239,980/260,066). The advancers/decliners ratio for NYSE stocks is 1,413/1,454, while the advancers/decliners ratio for NASDAQ stocks is 1,415/1,394.

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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.