US equity indexes closed a little mixed, SPX -15pts (0.3%) at 4397. Nasdaq comp' -0.3%. Dow -0.3%. The Transports settled +0.2%. R2K +0.3%.
SPX - daily
VIX - daily
Summary
US equities opened broadly higher on the hot CPI data...
Headline CPI y/y: 8.5% vs 7.9% prior
Ex food/energy y/y: 6.5% vs 6.4% prior
The SPX pushed to 4471, but the sellers appeared, for what was an especially unjustified bounce.
The afternoon saw a full reversal, with the three main indexes turning moderately weak. The two leaders - Trans/R2K, held up better... but still way below their early morning highs.
Volatility was mixed, the VIX settling -0.4% to 24.26.
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Goodnight
from London
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