S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.24%, the Dow Jones Industrials Index ($DOWI) is up +1.11%, and the Nasdaq 100 Index ($IUXX) is down -0.87%.
U.S. stock indexes this morning are mixed with the S&P 500 and Dow Jones Industrials at fresh 5-1/2 month highs. Stocks opened higher in overnight trading after President Trump Monday night said he's "very seriously" considering a capital gains tax cut through an executive order. Also, falling Covid hospitalization rates in the U.S. gave equities a boost after New York, California, and Texas all reported falling hospitalizations on Monday. Weakness in technology stocks today is weighing on the Nasdaq 100.
U.S. stock indexes also have carry-over support from +1.4% rally in the Euro Stoxx 50 to a 2-week high today on improvement in German investor confidence. The German Aug ZEW expectations of economic growth index unexpectedly rose +12.2 to a 16-1/2 year high of 71.5, stronger than expectations of -3.5 to 55.8.