After the Open... Retail sales numbers came in this morning,
showing only 0.2% growth in June, which is a good bit slower than
the 0.7% the Street was expecting. The market is taking the news
rather hard, which is to say it isn't climbing rapidly, which is
odd in light of a spate of good earnings reports that hit the
wire before the trading session began. Comerica (
), Goldman Sachs (
), Johnson and Johnson (
) and JP Morgan Chase (
) all reported higher than expected second quarter 2014 earnings.
The across the board earnings strength has put many a bearish
fear to bed, but Janet Yellen is currently testifying before
Congress, which is probably why stocks are directionless in early
Here are your Tuesday morning market metrics. Industries doing
well today include Banks, Health Care Technology and Gas
Utilities. Industries showing weakness include Tobacco, Textiles,
Apparel & Luxury Goods.
The VIX is up 0.68% to 11.90 after closing on Monday at 11.82.
) options are again the most actively traded today. There have
been 9,779 August 44 calls changing hands. The put-call volume
ratio is 0.84, (603,889/509,664). NYSE Adv/Dec 1,203/1,747.
Nasdaq Adv/Dec 754/1,608.
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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