After the Open... The market opened this morning in the wake
of a stunningly bad first quarter
. In its third revision report, the Bureau of Economic Analysis
set the actual U.S. first quarter 2014 GDP at -2.9%, the worst in
more than five years. As this was truly unexpected, the financial
media has yet to reach a consensus as to what is going on, but
expect to hear more complaints about
. Stocks, which fell on Tuesday afternoon, were initially
directionless, but they now appear to be rising again.
Here are your Wednesday morning market metrics: Industries
showing gains include Media, Pharmaceuticals and Chemicals.
Industries going the other way include Food Products, Tobacco and
Construction & Engineering.
The VIX is up 2.4% to 11.84 after closing on Tuesday at 12.13.
) options are the most actively traded today, with 5,211 July 100
calls changing hands, as well as another 5,106 July 99.29
calls and yet another 5,077 June 90 calls. The put-call volume
ratio is 0.80, (250,746/201,761). NYSE Adv/Dec 1,589/1,334.
Nasdaq Adv/Dec 1,032/1,364.
has been a business writer since the first day of the
twenty-first century, having written for PRA
International and the United Nations Department of
Peacekeeping. He graduated from Davidson College in 1993
and received a Master of Arts in Teaching from Mary
Baldwin College in 2011. He became a stockbroker in 1993,
but now works for Fresh Brewed Media and uses his powers
only for good. You can see closing trades for all
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