Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) is off by 21.9 points at 16,676.81, amid mostly disappointing economic data. Consumer spending unexpectedly slipped in April, while personal income rose less than anticipated; the Thomson Reuters/University of Michigan final consumer sentiment report for May also settled below expectations. However, the Chicago purchasing managers index (PMI) bested economists' consensus estimate -- and rose to its highest level since October. Separately, the S&P 500 Index (SPX) notched yet another record intraday high of 1,921.48, but was last seen trading around breakeven, at 1,921.23.
Here are a few noteworthy stats at midday:
- The advance/decline ratio on the Nasdaq registers at 0.69, with declining equities outpacing advancers.
- The equity put/call volume ratio across all 12 options exchanges checks in at 0.80, with calls outstripping puts. Currently, 3.64 million calls have changed hands, compared to 2.94 million puts.
- Among the equities with notable call volume is Golar LNG Limited (USA) (NASDAQ:GLNG), which is down 0.5% to $46.53 at midday. GLNG's total options volume nearly triples the average intraday clip, and 73.5% of today's activity has transpired on the call side of the aisle.
- In the latest American Association of Individual Investors (AAII) poll, the percentage of bulls jumped to 36.5% from 30.4% the week prior. The percentage of neutral investors dipped to 40.3% from 43.2%, while the percentage of bears retreated to 23.2% from 26.4%.
- The CBOE Volatility Index (VIX) is down 0.1 point, or 0.9%, at 11.47, putting it on track for its fifth consecutive daily close below the 12 level.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently churning around breakeven at $33.65 -- is 0.88, with calls edging out puts.
View a real-time chart of the Dow Jones Industrial Average (INDEXDJX:.DJI).