S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.12%, the Dow Jones Industrials Index ($DOWI) is down -0.04%, and the Nasdaq 100 Index ($IUXX) is up +0.23%.
U.S. stock indexes this morning are mixed as the equity market looks for direction from comments later today from Fed Chair Powell. Today’s U.S. economic data was better-than-expected and supportive for stocks, along with inflation-friendly Fed comments.
Cruise line operators are weaker today after Bloomberg Intelligence predicted company Ebitda might not turn positive for Royal Caribbean Cruises until Q4 of this year and until Q1 of 2022 for Carnival. Royal Caribbean Cruises Ltd (RCL) is down more than -2%, and Norwegian Cruise Line Holdings (NCLH) and Carnival (CCL) are all down more than -1%.
Nvidia (NVDA) is up over +2% today after Raymond James raised its price target on the stock to $900 from $750, saying “the company is the best positioned for growth over the long term.”
Sally Beauty Holdings (SBH... Read more