Stocks higher, but for the wrong reason

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After the Open... All major indices are higher this morning as financial institutions around the world are reporting a vast flow of capital out of Europe (and inevitably into US stocks for some of it). The lingering problem is Europe's underlying economic weakness, which weighs on the dollar and which could hold back earnings in the future. Were it not for this, the market would likely be jubilant after some uncharacteristically conciliatory comments from Putin have assuaged fears of an imminent Russian invasion of Ukraine .

Here are your Friday morning market metrics. Industries doing well today include beverages, Life Sciences and Building Products. Industries showing weakness include Multiline Retail, Automobiles and Healthcare Technology.

The VIX is down 2.7% to 12.08 after closing on Thursday 12.42. Apple ( AAPL ) options are the most actively traded today, with 20,812 September 101 calls changing hands. The put-call volume ratio is 0.75, (721,053/540,430). NYSE Adv/Dec 2,221/735. Nasdaq Adv/Dec 1,718/746. 

Julian Close 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: @JulianClose_MIC .

This article was originally published on

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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