Equity indexes regained some ground yesterday in a roller-coaster session that ended with a late surge, driving the CBOE Volatility Index lower.
The S&P 500 rose 14.92 points, or 0.82 percent, to 1830.61. The benchmark index climbed to 1834 midday and fell to unchanged at 1816 with about 45 minutes left to trade, then rallied into the close. The SPX has resistance at 1880 and support at 1800.
The Nasdaq 100 rose 27.79 points, or 0.81 percent, to 3474.63. The NDX had declined from morning highs for most of the session and briefly dipping into negative territory, but it bounced sharply in the final hour. It has resistance at 3600 and support at 3400.
The Russell 2000 gained 3.92 points, or 0.35 percent, to 1115.35. The small-cap index followed a pattern similar to that of the NDX. Resistance is at 1160 and support at 1080.
The VIX fell 0.92 points, or 5.4 percent, to 16.11. The volatility index opened the day around that level, then climbed to 17.33. It initially pulled back from morning highs, then rose throughout the session until falling sharply to its session lows at the end of the day.
The nine-day CBOE Short-Term Volatility Index (:VXST) followed a similar path, closing the day at 16 even. The VIX futures followed suit.
The April futures, which have only one day left to trade, finished at 16.20. The May futures closed at 16.65. That left the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 0.83 percent to $44.38.
More From optionMONSTER