Stocks are sharply lower at mid-morning Thursday. The S&P 500 and the Dow Jones Industrial Average are both below their 200-day moving averages, which have been key support levels for months.
At present, the S&P 500 is down 1.42%, the DJIA is down 1.54%, and the NASDAQ is down 1.38%.
Industries doing well today include Construction Materials, Independent Power and Renewable Electricity Producers, and Commercial Services & Supplies. Industries showing weakness include Health Care Technology, Insurance, and Health Care Providers & Services. The VIX is up 2.08 to 18.05 after closing yesterday at 15.97. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 25,000 Sept 21 240 puts on the board. The total put/call ratio as of 10:00 AM was 0.97 (250,880/257,567). The advancers/decliners ratio for NYSE stocks is 848/2,068, while the advancers/decliners ratio for NASDAQ stocks is 716/2,179.