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Tuesday, 25 June 2013

Stocks End Lower, but Dow Recovers From 250 Point Loss; Vix Above 20

By: | Writer
Stocks closed in the red but well off their session lows Monday, as Treasury prices rose in choppy trading following comments from some Fed policymakers that downplayed worries over the end to the central bank's bond-buying program.
Treasury prices gained in choppy trading. The benchmark 10-year note yield were just below 2.53 percent after earlier pushing around 2.66 percent.

The Dow Jones Industrial Average slumped 139.84 points, or 0.94 percent, to close at 14,659.56, dragged by Bank of America and Hewlett-Packard. Still, the blue-chip index ended off their lows after being down nearly 250 points at its session low.

The S&P 500 fell 19.34 points, or 1.21 percent, to finish at 1,573.09. The Nasdaq tumbled 36.49 points, or 1.09 percent, to end at 3,320.76.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 20.

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