Closing Brief

US equity indexes closed moderately mixed, sp +5pts @ 2131 (intra high 2134). The two leaders - Trans/R2K, settled +0.6% and -0.1% respectively. Near term outlook remains bullish into the holiday weekend, and more broadly.. into the next FOMC of June 17th.


sp'60min

Summary

*key earnings due at the close: HPQ
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As expected, another closing hour in favour of the equity bulls... as bears get short-stopped out.

Tomorrow will be interesting, with CPI and the Yellen due to speak on the econ-outlook.

VIX breaking new lows in the late afternoon.. reflecting a market with no concerns ahead of the long weekend.
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4.10pm... HPQ. results... EPS was fine, but a miss on sales...   stock reacts with a jump of around 4%.

5min

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more later... on the VIX