VIX falls to 24-year low

French Gendarmes face off with demonstrators after the announcement of results in the election of Emmanuel Macron as French President in Paris

May 8 The U.S. stock market's main gauge of investor anxiety closed at the lowest level in over two decades on Monday as equities show no break from the small daily gyrations that have characterized the market over the last several months. Moves for the markets come after one big geopolitical overhang subsided over the weekend, with the French presidency won by Emmanuel Macron, viewed as a pro-market candidate.

Will volatility return to USA equity markets? The Nasdaq Composite .IXIC had declined 0.02 percent to 6,099.24.

Dow e-minis 1YMc1 were down 21 points, or 0.1 percent, with 21,931 contracts changing hands.

In commodities, oil market sentiment swung between optimism over statements from major oil-producing countries that supply cuts could be extended into 2018 and lingering concerns over slowing demand and a rise in USA crude output.

Brent crude futures were last down 1.1 percent at $48.80 a barrel while West Texas Intermediate was off 1 percent at $45.96. A falling Vix typically indicates a bullish outlook for stocks.

S&P 500 earnings on average have grown 14.4 percent, up from 10.1 percent estimated at the start of the earnings season, according to Thomson Reuters I/B/E/S.


With March-quarter reporting season almost complete, S&P 500 earnings on average have grown 14.4 per cent, and earnings for the June quarter are expected on average to increase 8.6 per cent, according to Thomson Reuters I/B/E/S.

Shares of Kate Spade KATE.N jumped 8.2 percent after bigger rival Coach Inc COH.N said it would buy the handbag maker for $2.4 billion to increase its exposure to millennial shoppers. Coach shares rose 4.8 percent.

Straight Path STRP.A surged more than 30 percent to after an unnamed telecommunications company raised its offer to buy the wireless spectrum holder for about $3.1 billion, trumping a bid by AT&T T.N .

NEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as USA equities tracked European stocks and global bond yields. Sources told Reuters that the bidder was Verizon VZ.N .

Declining issues outnumbered advancing ones on the NYSE by a 1.23-to-1 ratio; on Nasdaq, a 1.22-to-1 ratio favored decliners.

Share

Related News

  • Oil Prices Rise On Expectation Of Output Cut Extension

    Some analysts have concluded even a six-month extension would not be enough to bring stock levels down to their long-run average. In the meantime, some OPEC producers themselves raised production and exports in order to compensate for lower oil prices.
    Neymar, Barcelona ordered to stand trial for corruption

    Neymar, Barcelona ordered to stand trial for corruption

    The transfer figure originally published by Barcelona was €57.1m (£48.4m) with €40m euros (£33.9m) of that given to his family. Fellow Argentinean Javier Mascherano agreed a one-year suspended sentence with authorities for tax fraud earlier this year.
    Revenue Approximations Analysis: Coca-Cola European Partners Plc (CCE), FirstEnergy Corp. (FE)

    Revenue Approximations Analysis: Coca-Cola European Partners Plc (CCE), FirstEnergy Corp. (FE)

    The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.01. Finally, Suntrust Banks Inc. boosted its position in shares of Coca-Cola European Partners plc by 0.9% in the first quarter.
  • Tillerson meets ASEAN ministers to seek support on North Korea

    Tillerson meets ASEAN ministers to seek support on North Korea

    Several ASEAN members have competing claims to the territory. "I think on this issue a considerable common ground was identified". The U.S. and ASEAN also share almost 100 sister city or sister state partnerships.

    Braun Strowman Set For Surgery, Time Away From WWE Action

    Although Braun Strowman was scheduled to battle Kalisto , he instead finds himself face-to-face with the returning Roman Reigns . Miz informed Dean that he'd gotten a call from Stephanie McMahon which drew chants of "DELETE" from the fans in the 02 Arena.
    9-2 favorite Always Dreaming wins Kentucky Derby in the slop

    9-2 favorite Always Dreaming wins Kentucky Derby in the slop

    But McCraken never had a spurt to get to the front. "At the quarter pole when he stretched down the lane he was really running". The Kentucky Derby is as much a social event as a horse race, and the sports world was well-represented at Churchill Downs.
  • Ismail Haniya elected new Hamas leader

    Ismail Haniya elected new Hamas leader

    It stresses however that its struggle is not against Jews due to their religion but against Israel as an occupier. Israel has fought three wars with Hamas since 2008, and maintains a crippling blockade on Gaza .

    Spurs' Parker has successful surgery on ruptured tendon

    There was something missing, as if they didn't have their killer instinct, the right stuff and certainly the will to win. We have the tools to make it happen but it's matter of if this goal could be accomplished.
    PM Modi is the brand ambassador of India, not Patanjali: Baba Ramdev

    PM Modi is the brand ambassador of India, not Patanjali: Baba Ramdev

    Addressing a press conference here, Ramdev announced that Patanjali was setting up production units at Nagpur, Noida, Indore and Jammu and Kashmir.
  • Britain PM Theresa May says will introduce energy cap if re-elected

    Britain PM Theresa May says will introduce energy cap if re-elected

    It said it is often those who can least afford it, such as pensioners and people who do not earn much money, who are stuck on these high bills.

    North Korea accuses US, South Korea of assassination attempt

    Still, Trump also said this week that he would be prepared to meet with Kim if the circumstances were right. Pyongyang has accused the United States and South Korea in the past of plots to assassinate its leadership.
    Moto Z2 Play will be thinner with a smaller battery

    Moto Z2 Play will be thinner with a smaller battery

    To that end, gone is the 16-megapixel, f/2.0 module, replaced by a 12-megapixel, f/1.7 component featuring dual autofocus pixels. It will be released alongside other phones in the Moto Z lineup for 2017 and will be available in grey and gold color options.