S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.24%, the Dow Jones Industrials Index ($DOWI) closed down -0.04%, and the Nasdaq 100 Index ($IUXX) closed up +0.38%.
U.S. stock indexes on Friday settled mostly higher as they recovered from early losses on positive comments from Dr. Fauci. Stocks had opened lower Friday on ramped-up U.S./China tensions. Also, global growth concerns weighed on crude oil prices and undercut energy stocks.
U.S./China tensions escalated on Friday after China announced plans to impose a national security law on Hong Kong. President Trump said the U.S. would "respond strongly" to a planned move by China to crack down on protests and democratic movements in Hong Kong.
Global growth concerns also weighed on stocks after China on Friday abandoned its practice of setting an annual target for economic growth at the National People's Congress. Chinese Premier Li Keqiang said the outlook for 2020 is "difficult to predict" due to the coronavirus... Read more