After the Open... Stocks were lower in
, then opened higher, and are now near break even. Blame the
confusion on the market's traditionally mixed feelings about good
economic data, which are associated with tighter Fed actions in
the short term, but better earnings in the long run. In the
second quarter of 2014, the
US economy grew
at a rate of 4%--an incredible turnaround after the first quarter
in which the economy shrank by 2.9%. Twitter (
) is the stock of the day, having rising 20% after blowing away
earnings, revenue and growth forecasts.
Here are your Wednesday morning market metrics. Industries
doing well today include Biotechnology, Textiles, and Banks.
Industries showing weakness include Electrical Equipment, Health
Care Providers and Food Products.
The VIX is up 0.2% to 13.25 after closing on Tuesday at 13.28.
) options are the most actively traded today, with 20,000
September 40 calls and another 20,000 September 45 calls changing
hands. The put-call volume ratio is 0.68, (273,875/185,346). NYSE
Adv/Dec 1,748/1,086. Nasdaq Adv/Dec 1,690/604.
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
Julian's long and short positions and track his long term
performance via twitter:
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