Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) has been pointed south all morning, and at last check, was positioned 54.36 points, or 0.33%, below breakeven at 16,661.08. Adding pressure to the broad-market index today was the Labor Department's producer price index, which grew at a larger-than-expected annual rate of 0.6% last month (relative to March), marking its biggest increase since September 2012.
Here are a few noteworthy stats at midday:
- The advance/decline ratio on the Nasdaq stands at 0.46, with the number of declining stocks more than doubling the advancers.
- The equity put/call volume ratio across all 12 options exchanges stands at 0.82. Roughly 3.15 million calls, compared to about 2.62 million puts, have crossed the tape so far.
- Among the names with call-heavy trading activity today is InterOil Corporation (USA) (NYSE:IOC). Overall options volume is trading at about four times the intraday average, and nearly 79% of these contracts have changed hands on the call side. Meanwhile, on the charts, IOC is down 0.8% to trade at $60.24, even though the company reported a sharp increase in first-quarter earnings this morning.
- The CBOE Volatility Index (VIX) is up a mere 0.74% this afternoon at 12.04, after finishing the past three sessions in the red.
- The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) hit a fresh record low of $36.78 earlier today, and is currently positioned 0.94% below breakeven at $36.89. As such, the ETN is currently on track to finish the session below the $37 mark for the first time ever. Meanwhile, the ETN's put/call volume ratio stands at .98, with call volume and put volume running roughly neck and neck.
View a real-time chart of the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI).