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Stocks fall ahead of Iran announcement

Stocks below the break-even mark at mid-morning Tuesday. President Trump is expected to withdraw the U.S. from the Iran nuclear deal this afternoon, which has markets somewhat on edge.

At present, the S&P 500 is down 0.25%, the DJIA is down 0.20%, and the NASDAQ is down 0.22%.

Industries doing well today include Construction and Engineering, Construction Materials and Consumer Finance. Industries showing weakness include Multi-utilities, Electric Utilities and Independent Power and Renewable Electricity Producers. The VIX is up 0.54 to 15.29 after closing yesterday at 14.75. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 7,920 June 15 250 puts on the board. The total put/call ratio as of 10:00 AM was 0.69 (215,724/313,904). The advancers/decliners ratio for NYSE stocks is 1,229/1,513, while the advancers/decliners ratio for NASDAQ stocks is 1,477/1,346.

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.