Market Volatility Declines Ahead Of CPI; S&P 500 Gains

The S&P 500 settled higher on Tuesday ahead of key inflation reports and earnings results from major companies this week.

U.S. consumer price data will be released on Wednesday, while producer prices report is scheduled for release on Thursday.

Big banks, including JPMorgan Chase & Co. JPM, Citigroup Inc. C and Wells Fargo & Company WFC will release earnings on Friday.

Amazon.com, Inc. AMZN shares gained 1.3% on Tuesday amid the start of the company's Prime Day deal event.

All the major sectors on the S&P 500 closed on a positive note, with energy, utilities and industrials stocks recording the biggest gains on Tuesday.

The Nasdaq 100 rose 0.49% to close at 15,119.06 on Tuesday, amid gains in shares of Amazon.com, Inc. AMZN and NVIDIA Corp NVDA.

The S&P 500 rose 0.67%, while the Dow Jones gained 0.93% to 34,261.42 in the previous session.

The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 1.5% to close at 14.84 on Tuesday.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.

 

Read Next: Check Out 3 High-Yielding Dividend Stocks In Financial Sector From Wall Street's Most Accurate Analysts

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market OutlookMarketsTrading IdeasCBOE Volatility Index
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...