S&P 500 Index Slips Off Record Highs
Wall Street Sector Selector | Apr 02, 2013 02:50AM ET
After setting an all time closing high last week, the S&P 500 index (SPY) fell 0.45% yesterday to start off the month of April.
The Dow Jones Industrial Average (DIA) slid 0.04%, the Nasdaq 100 (QQQ) dropped 0.87% and the Russell 2000 (IWM) was the day’s worst performer with a loss of 1.34%.
VIX, the CBOE S&P 500 Volatility Index (VXX) also known as the “fear index,” climbed 6.93% to close at 13.58, above its 50 day moving average but still below its long term average of 20.
Yesterday’s declines were largely triggered by a decline in the Institute for Supply Management’s index which fell to 51.3 from last month’s 54.2 and missed expectations of a 54.2 reading.
This follows last week’s disappointing Chicago PMI which also declined and missed expectations.Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.
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