US equity indexes closed broadly higher, SPX +46pts (0.7%) at 6886. Nasdaq comp' +0.3%. Dow +1.0%. The Transports settled +2.7%. R2K +1.3%
SPX - daily
VIX - daily
Summary
Equities saw a natural holding pattern into the 2pm press release from the Fed.
Powell duly appeared at 2.30pm.
 |
| You'll miss him... when he's gone in May. |
Equities saw a few swings, printing a high of 6900, and settling broadly higher at 6886.
With the Fed out of the way, volatility dropped, the VIX settling -6.8% to 15.77.
–
Subscription offers > https://www.tradingsunset.com
