Wednesday 24 August 2022

Positive leaning chop

US equity indexes closed a little higher, SPX +12pts (0.3%) at 4140. Nasdaq comp' +0.4%. Dow +0.2%. The Transports settled +0.5%. R2K +0.8%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. There was a push to moderate gains, but those largely faded on news the Iranian nuclear deal might be off. The afternoon saw further chop, if leaning on the positive side.

Volatility was subdued, the VIX settling -5.3% to 22.82.
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Goodnight from London
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