VIX Lower After Notching Highest Close of the Year
22-Feb-13 14:00 ET
[BRIEFING.COM] Quiet afternoon trade continues as the S&P 500 remains near its session highs. Today's rebound effort is being led by materials and technology stocks which were among yesterday's biggest laggards.
With the major averages climbing steadily, the CBOE Volatility Index (VIX 14.40, -0.82) is down over 5.0% after the near-term volatility measure saw its highest close of 2013 yesterday.
The S&P 500 is seeing gains from all of its sectors. However, defensively-oriented staple stocks and health care are underperforming. Meanwhile, the other defensive sectors, telecoms and utilities, are among the top gainers.