Tuesday, 4 November 2025

Pre-Mamdani downside

US equity indexes mostly closed significantly lower, SPX -80pts (1.2%) at 6771. Nasdaq comp' -2.0%. Dow -0.5%. The Transports settled +0.5%. R2K -1.7%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower (for the first time since Oct'14th), with the SPX cooling to 6766, and settling at 6771. Volatility picked up, the VIX printing an open high of 19.44, and settling +10.7% to 19.00.  
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