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Markets up following yesterday’s wash

Stocks are higher at mid-morning Tuesday after a late selloff turned what had been a pretty good Monday into a wash. The Producer Price Index rose by 0.3% last month, for both the headline and core numbers, topping estimates for both figures at 0.2%.

At present, the S&P 500 is up 1.63%, the DJIA is up 1.96%, and the NASDAQ is up 0.98%.

Industries doing well today include Energy Equipment & Services, Oil, Gas & Consumable Fuels, and Machinery. Industries showing weakness include Airlines, Electric Utilities, and Multi-Utilities. The VIX is down 0.93 to 20.84 after closing yesterday at 21.77. The most heavily traded options this morning are for the iShares Russell 2000 (IWM), with 10,076 Apr 20 155 calls on the board. The total put/call ratio as of 10:00 AM was 0.76 (208,747/274,866). The advancers/decliners ratio for NYSE stocks is 2,407/521, while the advancers/decliners ratio for NASDAQ stocks is 2,292/578.

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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.