|Day's Range||12.82 - 14.36|
|52 Week Range||8.56 - 50.30|
MARKET PULSE The Cboe Volatility index spiked on Wednesday, reaching its highest level in more than a month as continuing uncertainty surrounding Turkey weighed on markets. The VIX (VIX) spiked 25%, or 3.
U.S. stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row. Financial stocks bore the brunt of Turkey contagion fears, with shares of Citigroup Inc, Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co closing down between 0.8 percent and 2.2 percent. A pledge by Turkey's central bank to stabilize the plummeting lira failed to calm investors' nerves.
Investors are feeling very good about the U.S. stock market. That may be a problem in the making, says Morgan Stanley Wealth Management.
MARKET PULSE U.S. stocks closed solidly lower on Friday, joining a global equity market selloff, as the mounting currency crisis in Turkey raised the alarm for possible contagion into other markets. Friday's losses turned what would have been weekly gains into losses.
The S&P 500 has already hit a new record--when including dividends. The benchmark’s Total Return Index, which includes dividends in the returns of the S&P 500, has moved higher at a faster pace in recent sessions to again surpass its January highs. The broad stock-market index, which doesn’t include dividends, is up nearly 7% in 2018, just shy of the 8.1% advance for the total return index, as The Wall Street Journal’s Markets newsletter noted Thursday.
Investing.com - The S&P 500 was marginally higher on Thursday, putting it just half a percent away from the all-time high it reached it January, testifying to the strength of the world's biggest economy and corporate sector.
The Cboe Volatility index on Wednesday was near its lowest level since mid January as U.S. stock benchmarks mostly climbed near fresh all-time highs, shaking off tariff fears. The so-called fear index was, or VIX (VIX) was down 3.1% at 10.58 in Wednesday afternoon trade, which puts the index at its lowest level since Jan. 12, if it holds that level through the close, according to FactSet data. The VIX reflects S&P 500 (SPX) bullish and bearish options contracts to calculate expectations for volatility over the coming 30 days, and it tends to fall as stocks rise.
All three major U.S. indices finished higher, while the S&P 500 Index (SPX) moved closer to its all-time high just above 2872 set back in January. Before Wednesday morning, it had appeared that investors were continuing to trade on momentum from another bumper earnings season even as they let worries about international trade slip into the background. In one indication that worry was lower, the Cboe Volatility Index (VIX) dropped more than 3 percent to just under 11 on Tuesday.
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