2014-05-26 Weekend Market Update (The VIX Hits 14 Month Lows)
Weekend Market Update
The VIX Hits 14 Month Lows
The S&P 500 (SPX) closed above the 1900 level for the first time ever heading into the Memorial Day weekend, rising 1.21% for the week. The Dow Jones Industrial Average (DJIA) and the Nasdaq-100 (NDX) added 0.70% and 2.51%, respectively. Volatility fell to levels not seen since March of 2013 as the spot Volatility Index (VIX) dropped 8.68% for the week.