US equity indexes mostly closed on a positive note, SPX +29pts (0.6%) at 4660. Nasdaq comp' +0.3%. Dow +1.0%. The Transports settled -1.0%. R2K +1.8%
SPX - daily5
VIX - daily3
Summary
US equities opened in minor chop mode, and naturally saw a holding pattern into the 2pm press release from Print Central.
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| Powell - The CEO of Print Central |
Not surprisingly, the fed announced a plan for QE taper. Effectively, $15bn less printing a month, starting from the current $120bn.
The late afternoon saw a push upward, with the SPX breaking a new hist' high of 4663.
Volatility was subdued, the VIX settling -5.8% to 15.10.
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Goodnight
from London
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