Category Archives: VIX

S&P 500 flatlines while Dow and Nasdaq moderates

The Dow and the major U.S. indexes fell on Monday as the Dow technology stocks tumbled.

Major Wall Street leading indices closed lower at the close, with the Dow Jones Industrial Average (DIA) down 55.20 points, or 0.2%, at 33,745.40.

Losses were concentrated in communication services, information technology, and energy stocks. The broad S&P 500 Index (SPY) of large-cap stocks closed at 4,127.99.

The technology-focused Nasdaq Composite Index (QQQ) rose 0.5% to close at 13,900.19.

A measure of implied volatility known as the CBOE VIX (VXX) edged slightly higher on Monday. The so-called “investor fear index” reached an intraday high of 16.91 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 1.3% at 16.91.

In commodities, oil prices rose on Monday, with U.S. West Texas Intermediate futures gaining 45 cents, or 0.8%, to $59.77 a barrel on the New York Mercantile Exchange. Brent, the international futures contract, rose 40 cents or 0.6%, to $63.35 a barrel.

In precious metals, gold prices declined on Monday, as the June futures contract dipped $12.60, or 0.7%, to $1,732.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures fell 48 cents, or 1.9%, to $24.85 a troy ounce.

Still, markets continue to be supported near all-time highs despite Monday’s modest pullback. Investors are pushing up share prices on optimism the U.S. economy is regaining momentum.

The CBOE VIX Volatility Index rose on Monday.

A slight increase in volatility was reported on the VIX index on Monday.

On Friday, the CBOE VIX (VXX) edged higher as the S&P 500 Index paused following a record-breaking rally.

In an intraday high, VIX, a Chicago Board Options Exchange volatility index, reached a level of 17.91 out of 100, where a 20 represents the historical average. VIX would ultimately fall 1.3% to 16.91.

In stocks, the large-cap S&P 500 Index (SPY) flat-lined on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second-month VIX Futures contracts. VXX declined 1.5%.

ProShares Short VIX Short-Term Futures (SVXY) to track the S&P 500 VIX Short Term Futures Index’s inverse daily performance. SVXY advanced 0.9%.

ProShares UltraShort Term VIX Futures: UVXY expects to return 1.5X (leveraged) the S&P 500 VIX Futures Index today. Those are the two months of the UVX futures contract. UVX dropped 1.7%.

It is said that the U.S. economy is slowly starting to recover from the COVID-19 pandemic. Over the past week, more than 31 million people have fallen ill with the disease.

The S&P500 and Nasdaq surged while the Dow Jones staggered.

The S&P 500 and Nasdaq surged on Wednesday while the Dow Jones staggered.
The Dow staggered the broader U.S. stock market on Wednesday, as sinking energy and financials shares weighed on the benchmark index.
Wall Street’s leading indices closed mixed, with the Dow Jones Industrial Average (DIA) declining 85.41 points, or 0.3%, to 32,981.55.
The broad S&P 500 Index (SPY) of large-cap stocks gained 0.4% to close at 3,973.33. Five of the 11 primary sectors ended in the negative area, with information technology climbing 1.5%. Consumer discretionary shares rose 0.8% as a collective.
Meantime, the technology-focused Nasdaq Composite Index (QQQ) advanced 1.5% to settle at 13,246.87.
A measure of indicated volatility recognised as the CBOE VIX (VXX) fell on Wednesday, reversing some of its early-week gains. The so-called “market fear index” moved an intraday low of 18.85 on a scale of 1-100, where 20 outlines the past average. It would ultimately settle down 1.6% at 19.30.
In commodities, oil prices settled on Wednesday, with U.S. West Texas Intermediate futures tumbling $1.21, or 2%, to $59.34 a barrel on the New York Mercantile Exchange. Brent, the international futures contract, fell 60 cents or 0.9% to $63.54 a barrel.
In precious metals, gold prices bounced sharply on Wednesday, as the June futures contract rose $21.40, or 1.3%, to $1,707.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures climbed 30 cents, or 1.3%, to $24.44 a troy ounce.
The conclusion: U.S. stocks resume to trade near record highs, encouraged by optimism that the economy is healing from the Covid-19 pandemic. More than 30.4 million Covid cases have been listed in the United States, though the infection pace continues to decline from earlier levels.

The CBOE VIX Volatility Index decreased on Wednesday.

The CBOE VIX (VXX) verged lower on Wednesday as U.S. equity markets extended their relief rally.

The Chicago Board Options Exchange Volatility Index, commonly identified as the VIX, reached an intraday low of 21.68 on a scale of 1-100, where 20 represents the historical average. It would eventually settle down 7.7% at 21.34.

In stocks, the large-cap S&P 500 Index (SPY) rose 1.1% on Wednesday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) This ETN gives investors exposure to the Total Return from the S&P 500 VIX Index. The VIX Index utilises CBOE Volatility Index futures by way of long positions in both first and second-month VIX Futures contracts. VXX declined by 4%.

ProShares Short VIX Short-Term Futures (SVXY) to track the S&P 500 VIX Short Term Futures Index’s inverse daily performance. SVXY advanced 1.9%.

ProShares UltraShort Term VIX Futures: (UVXY) UVXY gives 1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVX declined by 5.8%.

The CBOE Volatility Index edged up on Monday.

On Friday, the CBOE VIX surged, as U.S. stocks struggled to gain ground.

The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, reached an intraday high of 22.46 on a scale of 1-100, where 20 represents the historic average. It would eventually settle up 7.5% at 21.46.

In stocks, the large-cap S&P 500 Index (SPY) declined 0.1% on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index utilises CBOE Volatility Index futures by investing in first and second-month VIX futures contracts. VXX advanced 1.1%.

ProShares Short VIX Short-Term Futures (SVXY) to track the S&P 500 VIX Short Term Futures Index’s inverse daily performance. SVXY records a small decline of 0.6%.

ProShares UltraShort Term VIX Futures: (UVXY) UVXY delivers 1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. This index includes the two front months from the futures contract. UVX advanced 1.5%.