US equity indexes closed broadly lower, SPX -25pts (-0.6%) at 4132. Nasdaq comp' -0.4%. Dow -0.7%. The Transports settled -1.0%. R2K -1.3%.
SPX - daily
VIX - daily
Summary
US equities opened on a weak note, if only for s/t cyclical overbought reasons. The bears could only manage 4104, before a recovery into the afternoon. The late afternoon saw considerable chop, if leaning on the weaker side.
Volatility remains relatively elevated, the VIX settling +1.8% to 26.19.
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Fuel prices in the UK continue to break new records...
Gasoline: 173.9 x 3.785 x 1.2607 = $8.30
Diesel: 182.9 x 3.785 x 1.2607 = $8.73
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| May concludes with sunshine and thundery showers |
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Goodnight
from London
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