VIX back above 12 as equities slide
Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.
The S&P 500 was down 9.64 points, or 0.48 percent, to 1978.34. That was just 0.10 points above last Friday's close and right at its 10-day moving average. Resistance is at 1991 and support at 1955.
The Nasdaq 100 lost 18.02 points, or 0.45 percent, to finish at 3965.16. The NDX did post some gains for the week. It has resistance at 3997 and support at 3875.
The Russell 2000 dropped 11.54 points, or 1 percent, to 1144.72. That was 7 points off last Friday's close. The small-cap index has resistance at 1180 and support at 1120.
The VIX rose 0.85 points, or 7.18 percent, to 12.69 and was higher on the week. The nine-day CBOE Short-Term Volatility Index (:VXST) added 0.96 points, or 8.82 percent, to 11.84.
The VIX futures followed higher, with August contracts up 0.30 points to 13.50 and September futures gaining 0.25 points to 14.30. That pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 3 percent to $28.83.
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