Monday 24 October 2022

Positive, but tired

US equity indexes closed broadly higher, SPX +44pts (1.2%) at 3797. Nasdaq comp' +0.9%. Dow +1.3%. The Transports settled +2.9%. R2K +0.4%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were shaky from the start, and it didn't take long for indexes to turn red. There was a secondary push upward into the afternoon. The late afternoon saw a push to 3810, if cooling back in the final minutes to 3797.

Volatility remains elevated, the VIX settling +0.5% to 29.85.
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Goodnight from London
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