[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (-0.2%), and DJIA (+0.9%) have traded in a relatively tight range at session for the past several hours.
The CBOE Volatility Index, which was as high as 22.94 (+20.6%) earlier in the session, now sits at 19.64 (+3.2%), suggesting market participants expect considerably less near-term volatility than they did early in the session.
Breadth figures have trended up over that same stretch, with advancers now outpacing decliners by a roughly 2-to-1 ratio on both the NYSE and Nasdaq after trailing earlier.