Equities mixed after record highs


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Equity indexes surrendered early gains to close little-changed in Friday's holiday-shortened session, while the CBOE Volatility Index gained more than 5 percent.

The S&P 500 rose as much as 6 points but then ended down 1.42 points, or 0.08 percent, to 1805.81. It made a new all-time high of 1813.55 before pulling back. Support is at 1775.

The Nasdaq 100 was the strongest index, climbing 17.34 points, or 0.5 percent, to 3487.82--another new 13-year high. It has support at 3360.

The Russell 2000 closed 1.56 points higher at 1142.89 after hitting an all-time high of 1147. The small-cap index has support at 1100.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)

The VIX rose 0.72 points, or 5.55 percent, to 13.70. That was near the volatility index's high of the day. 

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Options

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