Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) is positioned above breakeven, up 31 points, or 0.2%, at 16,765.21, boosted by Intel Corporation's (NASDAQ:INTC) guidance-induced rally. Elsewhere, the producer price index (PPI) unexpectedly fell last month, and consumer sentiment cooled off slightly from the end of May.
Here are a few noteworthy stats at midday:
- The advance/decline ratio on the New York Stock Exchange (NYSE) is 1.14, with advancers besting decliners.
- The equity put/call volume ratio across all 12 options exchanges checks in at 0.78, with calls outstripping puts. Currently, 3.67 million calls are on the tape, compared to 2.88 million puts.
- Among the equities with notable call volume is Southwest Airlines Co (NYSE:LUV), which is up 1.7% to trade at $26.16. LUV's total options volume is more than three times the average intraday amount, and nearly 95% of today's activity has transpired on the call side.
- In the latest American Association of Individual Investors (AAII) survey, the percentage of bulls spiked 5.2 percentage points to a year-to-date high of 44.7%. Meanwhile, the percentage of bears slipped to 21.3% from 22.2%, and the percentage of neutral investors tumbled to 34.1% from 38.3%.
- The CBOE Volatility Index (VIX) is down 0.3 point, or 2%, at 12.31. The market's "fear gauge" hasn't finished above 12 on a weekly basis since mid-May.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently off 1.6% at $31.84 -- is 0.96, with puts and calls roughly neck and neck.
View a real-time chart of the Dow Jones Industrial Average (INDEXDJX:.DJI).