2014-05-17 Weekend Market Update (SPX 1900 Fails For Now)
Posted on May 17th, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2014-05-17 Weekend Market Update (SPX 1900 Fails For Now)
Weekend Market Update
SPX 1900 Fails For Now
Both the S&P 500 (SPX) and Dow Jones Industrial Average (DJIA) hit new all-time highs this week before pulling back on Wednesday and Thursday. The (SPX) and (DJIA) fell 0.03% and 0.55% this week, respectively. Of the three major indices, the Nasdaq-100 (NDX) was the best performer, rising 0.89%. Volatility finished lower on the week as the spot Volatility Index (VIX) declined 3.72%. The (VIX) briefly went below the 12 level for the first time since January.
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