US equity indexes closed significantly lower, SPX -91pts (1.2%) at 7420. Nasdaq comp' -1.3%. Dow -1.0%. The Transports settled -3.0%. R2K -0.8%
SPX – daily
VIX – daily
Summary
US equities saw a broad holding pattern ahead of the Fed. Rates were naturally left changed, with Warsh appearing at 2pm.
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The SPX spiraled to 7402, and settling sig' lower at 7420.
Volatility spiked, the VIX settling +12.4% to 18.44.
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