Equity indexes finished lower yesterday but recovered much of their losses from the morning. The CBOE Volatility Index was up more than 8 percent.
The S&P 500 was down 8.15 points, or 0.41 percent, to close at 1964.68. The SPX bounced off a low of 1952.86 in the early minutes of trade but still closed below its 10-day moving average. Resistance is at 1985 and support is 1950.
The Nasdaq 100 fell 12.88 points, or 0.33 percent, to 3880.04. Its open of 3837.16 was the session low and just above its 20-day moving average. The NDX has resistance at 3923 and support at 3800.
The Russell 2000 dropped 11.95 points, or 1.02 percent, to 1161.86. The small-cap index bottomed at 1151.12, its lowest level in more than a month. It has resistance at 1213 and support at 1140.
The VIX gained 0.94 points, or 8.07 percent, to 12.59. The volatility index was as high as 13.23 at the open.
The nine-day CBOE Short-Term Volatility Index (:VXST) rose 1.60 points, or 15.27 percent, to 12.08. It topped out at 13.58 in the morning.
The VIX futures followed higher, with July contracts at 13 and August futures at 13.35. That pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 3.36 percent to $28.58.
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