Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) is 54.5 points, or 0.3%, higher at 16,597.60, after news of a larger-than-expected rise in new home sales last month, and an upwardly revised reading for March. Meanwhile, the S&P 500 Index (SPX) is poised for its first weekly gain in three, last seen 5.6 points, or 0.3% higher, at 1,898.13.
Here are a few noteworthy stats at midday:
- The advance/decline ratio on the New York Stock Exchange registers at 1.98, with advancing equities roughly doubling decliners.
- The equity put/call volume ratio across all 12 options exchanges checks in at 0.83, with puts trailing calls. Currently, 2.97 million calls have changed hands, compared to 2.48 million puts.
- Among the equities with notable call volume is GameStop Corp. (NYSE:GME), which is up 5% at $38.74 at midday, following a better-than-expected first-quarter earnings report. GME's total options volume nearly quadruples the average intraday clip, and more than three-quarters of the activity has transpired on the call side of the fence.
- In the latest American Association of Individual Investors (AAII) poll, the percentage of bulls dropped to 30.4% from 33.1% the week prior. The percentage of neutral investors dipped to 43.2% from 44.3%, while the percentage of bears jumped to 26.4% from 22.6%.
- The CBOE Volatility Index (VIX) is down 0.3 point, or 2.7%, at 11.70, and earlier touched a new annual low of 11.46.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently 0.9% lower at $34.93 -- is 0.95, with calls and puts trading near parity.
View a real-time chart of the Dow Jones Industrial Average (INDEXDJX:.DJI).