Equities mixed after late-day bounce
Chris McKhann | email@example.com
Equity indexes were mixed at the end of yesterday's session but well off their lows as the CBOE Volatility Index gave up intraday gains.
The S&P 500 was up 6.03 points, or 0.32 percent, to 1869.43. It had gains in the first hour of the session but then fell to support at 1850 before rebounding. The SPX has resistance at 1880 and support at 1850 and 1840.
The Nasdaq 100 rose 11.93 points, or 0.34 percent, to 3545.03. The NDX dropped all the way to 3489 before recovering in the afternoon. Resistance is at 3600 and support at 3500.
The Russell 2000 fell 5.97 points to 1117.06. The RUT followed a pattern similar to that of the other indexes but never made it back into positive territory. The small-cap index has resistance at 1160 and support at 1100.
The VIX slipped 0.09 points, or 0.64 percent, to close at 13.97. The volatility index peaked at 15.38 at the S&P 500's session lows.
The nine-day CBOE Short-Term Volatility Index (VXST) was up 0.14 points , or 1 percent, to 14.08. It saw a high of 16.48 as the VIX peaked.
The VIX futures were mixed, with the May contracts finishing at 15.25 and the June futures closing at 15.85. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.1 percent to $40.95.
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