Tuesday 18 July 2023

Still clawing upward

US equity indexes closed broadly higher, SPX +32pts (0.7%) at 4554. Nasdaq comp' +0.8%. Dow +1.1%. The Transports settled +2.0%. R2K +1.3%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but then resumed to claw upward, the SPX printing a new multi-month high of 4554. Volatility remained subdued, the VIX settling -1.3% to 13.30.
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Goodnight from London
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