US equity indexes mostly closed moderately higher, SPX +18pts (0.4%) at 4376. Nasdaq comp' +0.7%. Dow +0.2%. The Transports settled +0.3%. R2K -0.2%
SPX - daily
VIX - daily
Summary
The day began with the PPI data...
headline: y/y: 2.2% vs 1.6% prior
ex food/energy y/y: 2.7% vs 2.2% prior
... which was clearly hotter than the mainstream were expecting, and doesn't bode so great for CPI-Thursday.
Regardless, equities opened moderately higher to 4377, cooled to 4345 in the mid afternoon, but seeing a late afternoon mini ramp, to settle at 4376.
Volatility was mixed, the VIX printing an 11am low of 16.33, bouncing to 17.78, but cooling back to settle -5.5% to 16.09.
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Goodnight
from London
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