After the open... Stocks were were higher after the open Thursday despite the morning's only significant economic data, initial unemployment claims for the week ended Aug. 9, coming in higher than expected. Initial claims were 311,000 last week, topping estimates for 305,000.
Industries trading higher this morning include distributors, paper and forest products and biotechnology. Trading lower this morning are communications equipment, automobiles and real estate management and development.
The VIX is down 0.39% at 12.83 after closing yesterday at 12.90. Options on J.C. Penney ( JCP ) have appeared on the most-active list today with more than 10,816 contracts of the Aug. 8.50 put changing hands. NYSE Adv/Dec 1,850/1,054 Nasdaq Adv/Dec 1,210/1,129. [InvestorsKeyhole, various news and data sources]
This article was originally published on MarketIntelligeneCenter.com