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The Dow Jones index closed higher on Tuesday after recording losses for fourth straight sessions.
Traders monitored a surprise move by the Bank of Japan to widen its yield cap on its long-term bonds.
General Mills, Inc. GIS shares dropped around 4.6% on Tuesday after the company reported Q2 financial results and issued guidance.
Major sectors on the S&P 500 closed on a mixed note, with energy and communication services stocks recording the biggest surge on Tuesday. Consumer discretionary stocks, however, recorded losses during the session.
The Nasdaq 100 fell 0.11% to close at 11,072.42 on Tuesday, amid a decline in shares of Tesla Inc (NASDAQ: TSLA). The S&P 500 rose 0.10%, while the Dow Jones gained 0.28% to 32,849.74 in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 4.2% to 21.48 points on Tuesday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.
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Image and article originally from www.benzinga.com. Read the original article here.