S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.12%, the Dow Jones Industrials Index ($DOWI) is down -0.32%, and the Nasdaq 100 Index ($IUXX) is down -0.10%.
U.S. stock indexes this morning are slightly lower. Stocks are under pressure as today’s mixed U.S. economic data raised some questions about the strength of economy. Stocks are also falling back on caution ahead of the outcome of the Tue/Wed FOMC meeting, where there is a chance that the FOMC will start discussing when it should begin tapering its $120 billion per month QE program. The FOMC will also update its economic forecasts and may drop hints about the timing of QE tapering.
Mining stocks are lower today after the price of copper tumbled to a 1-1/2 month low. Freeport McMoRan (FCX) is down more than -6% today to lead losers in the S&P 500.
Fastenal (FAST) is down more than -2% today after Morgan Stanley downgraded the company to underweight from equal-weight, saying it faces a challenging medium-t... Read more