The CBOE Volatility Index (VIX) hit its highest level in over a month, gaining nearly 10%. However, equities, oil, and the Euro bounced off their session lows, leading the VIX to lose ground as well.
Oil is down 1.8% to $101.50, with support at $100 below. Natural gas is flat on the session, trading at 2.088.
EUR/USD is higher by 30 pips to above 1.31 figure, while USD/JPY is trading in the mid-81 figure range. Further uncertainty could push USD/JPY to test support at figure 80.
More News and Numbers:
– Apple (AAPL) is higher by 0.4% following a downgrade at BTIG
– AOL (AOL) is higher by 45% after announcing a patent deal with Microsoft (MSFT). AOL hit its highest price since November 2010
– AT&T (T) will sell its stake in Yellow Pages to private-equity firm Cerberus Capital Management for $950 million. T is down 1% today
– Facebook is giving $1 billion in cash and shares to Instagram