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  • May 16 is in the books. Here is what Wall Street did.

  • The truth? It was another dull day for US markets.

  • The S&P 500 giving up it's modest early gains that sags 0.1 percent lower in the day.

  • Technology and telecoms stocks notched up the biggest gains of the day.

  • And most of the sectors had the Tuesday in the red.

  • While the S&P 500 managed to close above the 2400 point mark again,

  • the subdued market was encapsulated by the VIX index,

  • which serves as a proxy for expected volatility in fair on Wall Street.

  • VIX nudged a little higher on Wednesday, where remains rooted near a one decade low of 10 percent.

  • Dollars dive was one of the few sources of excitement.

  • With the DXY green back index falling for a fourth day running, it was lowest since mid November.

  • The latest Bank of America investors survey revealed that many money managers still reckon that the dollar is overvalued

  • even though the tech-heavy NASDAQ is now considered the most crowded trade.

May 16 is in the books. Here is what Wall Street did.

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B2 FinancialTimes wall street index dive dollar day

Dollar's dive enlivens markets

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    Colleen Jao posted on 2017/05/24
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