The CBOE Volatility Index (VIX) was down to 19.86 to close below the 20 level for the first time in 4 months.
The VIX, widely referred to as the investor fear gauge, had dipped below the 20 mark, 3 times in the 5 previous sessions, but bounced back at close. From the day after touching the [...]

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U.S. stocks on Thursday finished higher as the U.S. dollar is recovering coupled with improving jobless numbers and relatively positive news out of the financial sector as insurer earnings topped estimates and brokerage Merrill Lynch & Co. said it would maintain its dividend.
AIG rose 7.1%, drawing support as property and casualty insurer Travelers Cos. lifted [...]

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Seven of the ten major economic sectors ended yesterday’s session with gains. However the financial, energy, and materials sectors are finishing in the red.
Apple Inc. on Wednesday after market, reported a second-quarter profit that rose 36% from a year ago as revenue climbed above $7 billion on strong sales of Macintosh PCs and iPhones.
Despite [...]

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