Greece Pulls Stocks Back from Higher Open
At the halfway point... Stocks opened higher on positive housing data, but have pulled back a bit as new worries about Greece have balanced the initial optimsm. Industries trading higher today include Non-Alcoholic Beverages, Restaurants and Gold and Silver. Industries trading lower today are Computer Storage Devices, Iron and Steel and Coal. Darden Restaurants (DRI) is up 7%. General Motors (GM) and Google (GOOG) are up 3%. Advance Auto Parts (AAP), GameStop (GME) and Ross Stores (ROST) are up 2%. Deere (DE) and US Steel (X) are down 2%. KLA Tencor (KLAC) and MEMC Electronic Materials (WFR) are down 4%. Abercrombie and Fitch (ANF) is down 13%. The VIX is currently down 0.12 at 21.85 after closing yesterday at 21.97. Earlier today it hit a high of 21.91 and a low of 20.83. Options on Freeport McMoRan (FCX) have appeared on the most-active list today with more than 45,899 contracts of the May 34 put changing hands. The Put/Call Volume Ratio is at 1.22 (4,697,952/3,857,098 ) while the Put/Call Open Interest Ratio is at 0.93 (134,956,656/144,344,453). NYSE Adv/Dec 1,598/1,421. Nasdaq Adv/Dec 1,301/1,074.