Slight stock gains extend win streak
Chris McKhann | [email protected]
The S&P 500 gained 2.31 points to close at 1682.50, a new closing high. The SPX traded as high 1684.51 during the session, though that was below the intraday peak from May 22. That level may continue to provide some resistance, while support is at 1627.
The Nasdaq 100 was up less than 1 point to 3079.85. It too was just off its intraday high, which came about an hour before the close. It has support at 3000.
The Russell 2000 gained 6.78 points to close at 1043.30, barely off the intraday high and a new all-time record close. It has support at 1000.
The CBOE Volatility Index slipped 0.05 points to finish at 13.79. It had dipped as low as 13.50 with an hour to go but then perked up. The VIX futures followed suit but had more significant losses.
The July VIX futures, which have only one day of trading left before settlement, gave up 0.60 points to finish at 14.05. The August futures lost 0.45 points to close at 15.75.
That left the the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.2 percent to $16.97, yet another new closing low.