VIX jumps as equities fall sharply
Chris McKhann | email@example.com
Equity indexes fell sharply yesterday, finishing at the lows of the day while the CBOE Volatility Index jumped almost 10 percent.
The S&P 500 was down 23.34 points, or 1.32 percent, to 1747.15. The benchmark index finished just off its session low. It has support at 1730 and then 1700. Resistance is at the all-time high of 1775.
The Nasdaq 100 was down 63.97 points, or 1.89 percent, to 3321.41. It too closed just off its lows of the day. The index has some support at 3300 and then 3220. Resistance is at 3408.
The Russell 2000 lost 19.55 points to 1079.09. The small-cap index has resistance at 1123 and support at 1044.
The VIX was up 1.24 points, or 9.79 percent, to 13.91. The volatility index was as high as 14.14 going into the close.
The VIX futures followed suit. The November futures were up 0.55 points to 14.25, while the December contracts gained 0.45 points to 15.40. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 3.54 percent to $12.70.
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