[BRIEFING.COM] The major equity indices moved mostly sideways in recent trading.
Better-than-feared economic data and earnings outlooks have kept the market's risk-on bias going. As a result, the CBOE Volatility Index (VIX) is 1.8% lower at 18.06 after sinking yesterday.
Defensive-oriented areas of the market have underperformed. The Russell 3000 Value Index is up 0.1% versus a 1.4% increase in the Russell 3000 Growth Index.