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Markets

Back in record territory

After the Open... Four long weeks without a record high on the S&P 500 was enough to bring out the doomsayers despite the total drop never having exceeded 3.6%. If it wasn't the very least substantial bull market correction yet, it was right up there. In any case, it's over now; the S&P 500 is back in record territory. Stock prices are being buoyed this morning by good employmentand good wage numbers. The market can, of course, react negatively to good economic news, but perhaps even short term traders now realize the importance of rising wages.

Here are your Thursday morning market metrics. Industries doing well today include Independent Power, Paper/Forest Products and Beverages. Industries showing weakness include Metals/Mining, Professional Services, Energy Equipment/Services.

The VIX is up 0.1% to 11.9 after closing on Wednesday at 11.78. Bank of America ( BAC ) options are the most actively traded today, with 16K January 17 calls, 12K September 16 calls, and 8,746 August 15.5 calls changing hands. The put-call volume ratio is 0.80, (229,245/182,671). NYSE Adv/Dec 1,249/1,679. Nasdaq Adv/Dec 711/1,666. [InvestorsKeyhole, various news and data sources]

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 MarketIntelligeneCenter.com

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


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

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