Sentiment
Stock market averages are trading mixed amid increasing options volume due to the expiration. After sliding 179 points Wednesday, the Dow Jones Industrial Average opened modestly higher on better-than-expected weekly jobless claims and housing starts numbers. However, there was more bad news on the manufacturing front after the Philadelphia Fed Survey showed a surprise drop on -7.8 in June. Economists were looking for +9. Still, after the market?s sell-off yesterday, stocks found a floor in early trading and market averages were positive midday. Investors sold into the strength, however, and heading into the final thirty minutes, market action is decidedly mixed. While the Dow Jones Industrial Average has added 38 points, the tech-heavy NASDAQ gave back its gains and is down 15.5 points. CBOE Volatility Index (.VIX) jumped 1.91 points to 23.23 and is probably being affected by the Quadruple Witch options expiration. Volume is picking up as well,
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