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The Dow Jones Industrial Average (INDEXDJX:.DJI) is back in the green today -- up 69.7 points, or 0.5% at 14,894.17 -- as Wall Street reacts positively to President Barack Obama's statements that the U.S. military involvement in Syria will be "tailored, limited." On the home front, the estimated, second-quarter gross domestic product (GDP) growth rate was revised upwardly to an annualized 2.5% from the initial projection of 1.7%, according to the Commerce Department; the updated GDP topped economists' projections. Separately, U.S. jobless claims fell by 6,000 last week, to a seasonally adjusted 331,000 -- roughly in-line with economists' expectations.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 12 options exchanges stands at 0.87, with 2.91 million calls, compared to 2.55 million puts, crossing the tape so far.
- Vodafone Group Plc (ADR) (NASDAQ:VOD) is among the names with call-heavy trading activity today; more than 80% of its intraday options volume has changed hands on the call side. The British telecommunications provider is up 8% to trade at $31.80 this afternoon, following news of a potential sale of its 45% stake in Verizon Wireless to Verizon Communications Inc. (NYSE:VZ).
- The Nasdaq shows an advance/decline ratio of 3.36, as the advancing stocks lead the declining by a better-than-threefold margin.
- A notable leader on the Nasdaq today is Altera Corporation (NASDAQ:ALTR), whose board approved an expanded stock-buyback program, allowing the company to repurchase up to 13% of its outstanding shares. The semiconductor name is currently up 2% to trade at $35.46.
- The percentage of financial advisors with a bullish outlook tumbled 5.2 percentage points to 38.1% in the latest Investors Intelligence survey. This marks the third consecutive week in which optimism has dropped significantly, and represents the lowest bullish reading since November 2012. By contrast, bearish sentiment rose to 23.8% from 21.6%. Also, 38.1% of advisors expect to see a correction in the market, up from 35.1% the previous week.
- The CBOE Volatility Index (VIX) is trending in the red for the second day in a row, down 0.4 point, or 2.5%, at 16.08.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- which is 0.3% higher today at 16.52 -- stands at 1.90, with put volume outnumbering call volume by a margin of more than 5-to-2.
View a real-time chart of the Dow Jones Industrial Average (INDEXDJX:.DJI).