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Markets get the green light

Stocks are higher Friday morning after a Goldilocks jobs report that showed the economy continuing to grow, but not fast enough to spur and actions to cool things off from the Federal Reserve.

At present, the S&P 500 is up 0.86%, the DJIA is up 0.96%, and the NASDAQ is up 1.29%.

Industries doing well today include Health Care Technology, Technology Hardware, Storage & Peripherals, and Food Products. Industries showing weakness include Construction & Engineering, Multiline Retail, and Life Sciences Tools & Services. The VIX is down 0.47 to 15.43 after closing yesterday at 15.90. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 30,022 May 18 260 puts on the board. The total put/call ratio as of 10:00 AM was 0.93 (233,390/249,629). The advancers/decliners ratio for NYSE stocks is 2,233/689, while the advancers/decliners ratio for NASDAQ stocks is 2,064/844.

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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.