VIX rises as equity indexes stumble
Major equity indexes lost ground yesterday, driving the CBOE Volatility Index higher.
The S&P 500 was down 6.32 points to close at 1685.33. That was the middle of a relatively tight range in place all day. Resistance is at 1699 and support at 1652.
The Nasdaq 100 gave up 7.27 points to finish at 3068.95. Unlike the SPX it had gains in the morning, but it too finished in the middle of its session range. Resistance is at 3091 and support at 3000.
The Russell 2000 fell 7.84 points to 1040.66. The small-cap index saw relatively steep losses in the early going. Resistance is now at 1057 and support at 1000.
The VIX was up 0.67 points, or 5.27 percent, to 13.39 after hitting 13.86 in the morning. The VIX futures followed higher, as the August contracts gained 0.20 points to close at 14.65 and the September futures rose 0.10 points to 15.95. This had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) up 1.29 percent to $15.71.
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