New cycle highs

US equity indexes closed broadly higher, sp +25pts (0.9%) at 2933. Dow +0.5%. Nasdaq comp' +1.3%. The two leaders - Trans/R2K, settled +0.2% and +1.6% respectively.


sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, with the market inspired by better than expected earnings from a broad array of companies.

The SPX broke a new multi-month intraday high of 2936, and settling with a new historic closing high of 2933. Volatility was naturally subdued, with the VIX settling -1.1% at 12.28.

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Goodnight from London
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