Tuesday 17 October 2023

Tuesday swings

US equity indexes closed rather mixed, SPX -0.4pts (0.01%) at 4373. Nasdaq comp' -0.25%. Dow +0.04%. The Transports settled +0.85%. R2K +1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the market especially annoyed by higher bond yields. The SPX printed 4337, before a sharp rebound to print a new cycle high of 4393. From there, renewed cooling to 4355, with a late day rebound to settle effectively flat at 4373.

The VIX printed an early high of 18.54, cooled to 16.97, battled back upward to 18.32, and settling +3.9% to 17.88.
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Goodnight from London
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