U.S. Markets closed

VIX jumps as stocks close mixed

Chris McKhann (chris.mckhann@optionmonster.com)

Equity indexes were mixed on Friday, while the CBOE Volatility Index and its futures spiked higher.

The S&P 500 fell 5.21 points to 1841.13. The benchmark index was higher for most of the morning but hit its session low just under 1840 minutes before the close. It has resistance at 1880 and support at 1830.

The Nasdaq 100 was down 23.62 points to 3627.87, its low for the day and its worst close since Feb. 12. Resistance is at 3738 and support at 3600.

The Russell 2000 gained 4.67 points to 1181.41, right at its 20-day moving average. The small-index was in positive territory virtually all day. The small-cap index has resistance at 1212 and support at 1160.

The VIX climbed 1.60 points, or 9.86 percent, to 17.82. The volatility index was as high as 18.22 in the last hour of trading. The nine-day CBOE Short-Term Volatility Index (:VXST) was up 3.43 points, or 19.93 percent, to 20.64.

The VIX futures followed higher. The March contracts, which have only one session left to trade, and rose 1.10 points to close at 17.70. The April futures were up 0.50 points to 17.10. That pushed the iPath S&P 500 VIX Short-Term Futures Note (:VXX) up 2.82 percent to $47.40.

More From optionMONSTER