November 10, 2015 Market Wrap Up
The S&P 500 closed the day higher, snapping its four day losing streak. Overall, it was a generally slow day.
It appears that market participants are digesting what a potential rate hike is going to mean.
Stocks in play today, included Apple (AAPL) -3.2%, Flotek (FTK) -41%, Sunedison (SUNE) -21.5%, and Mallinckrodt (MNK).
Interestingly, the VIX sold off a lot…now trading at 15.29.
The energy sector was flat; the United States Oil Fund (USO) was down nearly .5% today. USO is still nearly 50% off its yearly highs.
On the options front, we saw large call buying activity in EBay (EBAY). In addition, we saw bearish bets being placed in Market Vectors Gold Miners (GDX)
Here’s what’s on tap tomorrow:
Key Economic Data:
12 November 2015- Jobless Claims 8:30 AM ET
13 November 2015- Retail Sales 8:30 AM ET, PPI 8:30 AM ET
Key Earnings:
11 November 2015- M, PAH, NTES
12 November 2015- DSX, VIAB, AMAT, CSCO, IGT, KSS