S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed down -0.48%, the Dow Jones Industrials Index ($DOWI) closed down -0.48%, and the Nasdaq 100 Index ($IUXX) closed down -0.37%.
U.S. stock indexes on Tuesday posted moderate losses on doubts about the Pelosi-Mnuchin talks for additional Covid fiscal stimulus. Also, negative Fed comments on Tuesday weighed on equities along with a slump in crude prices. Stock losses were contained Tuesday by better-than-expected U.S. economic data.
Stocks were under pressure Tuesday on concern U.S. lawmakers will be unable to pass a new stimulus bill ahead of the November 3 election. House Democrats on Monday night released a new scaled-back $2.2 trillion Covid relief package proposal. House Speaker Pelosi and Treasury Secretary Mnuchin discussed the package on Tuesday and said they would speak again on Wednesday. A deal still seems unlikely without further compromise as President Trump indicated he could support only as much as $1.5 trillion in... Read more