VIX falls as stocks end week higher
The CBOE Volatility Index dropped going into Friday's close as equity indexes finished higher.
The S&P 500 was up 11 points to end the session at 1556.89, just off its midday highs. The index traded in a tight range after an initial run higher. Support at 1540 held, and resistance remains at 1564.
The Nasdaq 100 was up 26 points to close at 2800.81, also just off its its mid-day high. The NDX is now in the range from the previous two weeks. Support is at 2760, while it still has resistance at 2812.
The Russell 2000 was up 2.3 points to 946.27. The small-cap index was in an increasingly tight range for the day, as well as for the week. It has support at 930 and resistance at 954.
The VIX was down 0.42 points, or 3 percent, to 13.57. It had been at the day's high at 13.85 heading into the final minutes of trade.
The April VIX futures were positive going into the bell, then slipped to a loss, ending down 0.20 points to 14.75. The May futures fell 0.15 points to close at 16 even. The iPath S&P 500 VIX Short-Term Futures Note (:VXX) ended the day down 0.33 percent at $20.95.
More than 870,000 VIX options traded, leaving them second in total volume once again, as calls outpaced puts by more than 2 to 1. But the VVIX Index, which measures the implied volatility of the VIX options, was down 2.3 percent to 91.78.
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