U.S. dollar, yields rise; stocks slip from record highs

Posted May 10, 2017

That's right. The last time the VIX touched a level this low, it was 1993 and Sleepless in Seattle was about to hit movie house marquees.

May 8 The U.S. stock market's main gauge of investor anxiety closed at the lowest level in over two decades on Monday as equities show no break from the small daily gyrations that have characterized the market over the last several months.

The CBOE Volatility index .VIX dropped almost 8 percent to 9.73 and was on track for its lowest close since 1993 as investors took comfort from Macron's victory, as well as from strong quarterly reports in recent weeks.

Oil prices fell, surrendering earlier gains, rattled by concern over slowing demand and rising US crude output that has shaken investors' faith in the ability of the Organization of the Petroleum Exporting Countries to rebalance the market.

'Breaking point': Puerto Rico files for historic $70bn bankruptcy
Puerto Rico estimates it has about $800 million a year available for debt servicing, far below the $3.2 billion now required. Promesa , signed into law last June, includes an oversight board aimed at helping the island manage its public finances.

The loonie touched a 14-month low on Friday at C$1.3793, or 72.50 US cents.

Chintawongvanich, derivatives strategist at Macro Risk Advisors in NY said the CBOE Volatility Index, which is popularly known as the VIX, is the widely followed barometer of anticipated near-term volatility of stock market.

(MAR) were all trading higher after reporting better-than-expected quarterly results.

The Dow Jones Industrial Average traded 22 points, or less than 0.1%, at 21,1033, the S&P 500 index gained about 3 points, or 0.1%, at 2,401, briefly eclipsing its intraday record of 2,401.36 set on Monday, while the Nasdaq Composite Index climbed 7 points, or 0.2%, at 6,116-a new intraday record for the tech-heavy index.

Indian Company Royal Enfield Plans to Own Ducati
Other companies in the fray may include Suzuki, Honda, Polaris, Harley Davidson , the report said. Volkswagen , Ducati , Hero MotoCorp nor Royal Enfield have commented on this so far.

Shares of Kate Spade jumped 8.31 per cent after bigger rival Coach Inc said it would buy the handbag maker for $2.4-billion to increase its exposure to millennial shoppers. Coach shares rose 4.8 percent.

Tyson Foods was the biggest S&P loser, down 6.08 per cent after the meat processor reported a slump in quarterly profit.

NEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as USA equities tracked European stocks and global bond yields.

Declining issues outnumbered advancing ones on the NYSE by a 1.23-to-1 ratio; on Nasdaq, a 1.22-to-1 ratio favored decliners.

Game 4 Preview: San Antonio Spurs vs. Houston Rockets
That means one more win in San Antonio as well as taking care of business in both remaining Houston games. Houston finished 19-10 when Harden produced 30-plus points and 10-plus assists during the regular season.