S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.54%, the Dow Jones Industrials Index ($DOWI) is up +0.42%, and the Nasdaq 100 Index ($IUXX) is up +0.72%.
U.S. stock indexes this morning are moving higher on speculation that U.S. lawmakers will finally pass a pandemic relief package. Strength in social media stocks was also lifting the overall market when Snap surged more than 25% after it reported strong quarterly earnings.
Heightened optimism that U.S. lawmakers might finally pass a stimulus deal is underpinning stocks today. White House Chief of Staff Meadows said today that "the last 24 hours have moved the ball down the field," and the goal is "some kind of stimulus deal in the next 48 hours or so." Treasury Secretary Mnuchin and House Speaker Pelosi are scheduled to speak again Wednesday afternoon, although Senate Majority Leader McConnell has warned the White House not to rush into any agreement before the election.
Social media stocks are soaring today to... Read more