Stocks quoted in this article:
The Dow Jones Industrial Average (INDEXDJX:.DJI) is down 8 points, or 0.1%, to 14,692.46, as investors digest the latest batch of earnings and lackluster economic data. The Commerce Department said gross domestic product (GDP) grew at a slower-than-expected annual rate of 2.5% in the first quarter, while the final April reading of the Thomson Reuters/University of Michigan consumer sentiment index arrived at 76.4. Although the latest figure topped economists' expectations, it still marked a decrease from last month's final reading of 78.6.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 11 options exchanges sits at 0.83, with 3.5 million calls changing hands so far today, compared to 3.0 million puts.
- Among the equities with call-skewed activity is D.R. Horton, Inc. (NYSE:DHI), which has gained about 7.4% -- and tagged a new multi-year high of $26.38 -- today, after revealing stronger-than-anticipated fiscal second-quarter earnings this morning. Currently, calls account for 81.1% of the homebuilder's intraday option volume. At last check, DHI was trading at $26.34.
- The Nasdaq shows an advance/decline ratio of 0.47, with the number of downward movers more than doubling the advancers.
- Among the Nasdaq's major decliners is Deckers Outdoor Corp (NASDAQ:DECK), which has shed around 9.7% in intraday action. The firm reported an unexpected first-quarter profit on Thursday, but also issued a second-quarter outlook that fell below analysts' projections. However, several brokerage firms were focused on the bottom-line results this morning, as Canaccord Genuity, RBC, and Credit Suisse upped their price targets for the stock. DECK is presently trading at $53.64.
- Optimism climbed during the week ended April 24, according to the latest survey by the American Association of Individual Investors (AAII). The percentage of investors with a bullish view on stocks rose to 28.3% from 26.9%, while the percentage bearish fell to 38.8% from 48.2%. Meanwhile, the percentage neutral jumped to 32.9% from 24.9%.
- The CBOE Market Volatility Index (INDEXCBOE:VIX) is 0.5 point, or 3.7%, higher, to hover at 14.13.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently perched at 19.58 -- checks in at 1.17, with puts outweighing calls.
View a real-time chart of the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) here.