S&P 500 VIX Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +3.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +2.80%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.14%.
Stocks on Tuesday rallied sharply for a second day, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 posting 1-1/2 week highs. Global stock and bond markets rallied Tuesday after the Reserve Bank of Australia raised interest rates less than expected, which bolstered hopes that aggressive interest rate hikes by the world’s central banks may be nearing the end. As a result, the 10-year T-note yield fell to a 1-1/2 week low today at 3.558%.
Stock indexes extended their gains Tuesday after economic news showed Aug JOLTS job openings fell more than expected to a 14-month low, which bolstered hopes the Fed may be close to ending aggressive rate hikes.
A rally in travel and leisure stocks Tuesday lifted the overall market amid growing optimism that the Fed... Read more