Stock indexes take breather after gains
Chris McKhann | email@example.com
Equity indexes gave up a bit of ground on Friday but had good gains for the week.
The S&P 500 pulled back 2.92 points, or 0.18 percent, to close at 1582.24. It spent almost the entire session in negative territory, dipping to 1578 in midday trading. Resistance remains at 1597 and support at 1540.
The Nasdaq 100 was down 8.11 points, or 0.28 percent, to 2804.55. The NDX followed the same pattern as the SPX, falling to 2830 and then cutting its losses. Resistance is at 2860 and support at 2743.
The Russell 2000 was down 5.03 points, or 0.53, percent to 935.25. Resistance is at 954 and support at 900.
The CBOE Volatility Index was down just 0.01 points to 13.61 after trading as high as 14.18 midday. The May VIX futures were flat at 14.80, while the June contracts gained 0.05 points to finish at 15.55. The iPath S&P 500 VIX Short-Term Futures Note (VXX) was up just 0.01 points to 19.26.
The VIX saw only 262,000 options change hands, seemingly seeing some spillover from Thursday's CBOE outage. The VXX traded more than 344,000 options, as its volume continues to trend higher.
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