Stocks rallied into the close on Friday, pushing equity indexes higher while lowering the CBOE Volatility Index.
The S&P 500 gained 3.74 points, or 0.19 percent, to 1960.96. That is just a couple of points off its record close from the previous week. Resistance is at its intraday high of 1968 and support at 1940.
The Nasdaq 100 jumped 17.53 points, or 0.46 percent, to 3844.44. That was barely off its intraday high and sets a new 13-year record close. The NDX has support at 3750. (When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The Russell 2000 climbed 8.79 points, or 0.74 percent, to 1189.50. This was the day's high and the small-cap index's best close since April 2. It has resistance at 1190 and support at 1160.
The VIX fell 0.37 points, or 3.18 percent, to 11.26. The nine-day CBOE Short-Term Volatility Index (:VXST) was off 0.61 points, or 5.42 percent, to 10.65.
The VIX futures followed lower, with July contracts slipping to 12.60 and August futures to 13.50. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.86 percent to $28.86.
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