Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) is sitting 17.8 points, or 0.11%, south of breakeven at midday, at 16,496.61, following a round of disappointing economic reports. First, the latest data on new home sales showed a sharp decline of 14.5% in March, compared to the modest gain projected by economists. Meanwhile, Markit's preliminary purchasing managers manufacturing index (PMI) dipped to a lower-than-expected 55.4. However, factory output for this month has grown at its fastest rate in three years.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 12 options exchanges stands at 0.79. Roughly 3.07 million calls, compared to about 2.44 million puts, have crossed the tape so far.
- Among the names with call-heavy trading activity today is Thermo Fisher Scientific Inc. (NYSE:TMO). At last check, more than 95% of the stock's intraday options volume had changed hands on the call side. On the charts, meanwhile, TMO is down 1.8% to trade at $118.15, despite an upbeat turn in the earnings confessional this morning.
- The Nasdaq shows an advance/decline ratio of 0.84, with decliners easily outpacing advancing stocks.
- Among the underperformers on the Nasdaq today is Amgen, Inc. (NASDAQ:AMGN), which is down 6% to trade at $112.16, after reporting weak first-quarter earnings results last night.
- The CBOE Volatility Index (VIX) is up 1.8% at 13.43 this afternoon, but is still on pace to finish its fourth consecutive session below the 14 mark.
- The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) is down .02%% to $40.89. Meanwhile, the ETN's put/call volume ratio stands at 1.89, with put volume almost doubling call volume.
View a real-time chart of the Dow Jones Industrial Average (INDEXDJX:.DJI).