The S&P 500 settled lower on Monday, after an attempted rebellion by Wagner Group mercenaries against Russian President Vladimir Putin over the weekend.
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Last week, the S&P 500 snapped its five-week winning rally, which was the longest since Nov. 2021.
Lucid Group Inc (NASDAQ: LCID) shares gained 1.5% on Monday after the company announced a technology partnership with Aston Martin.
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PacWest Bancorp (NASDAQ: PACW) shares rose 4% after Ares Management acquired the bank’s $3.5 billion specialty finance loan portfolio.
Major sectors on the S&P 500 closed on a mixed note, with communication services and consumer discretionary stocks recording the biggest losses on Monday. However, energy and real estate stocks were among the top performers during the session.
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The Nasdaq 100 fell 1.36% to close at 14,689.02 on Monday, amid losses in shares of Alphabet Inc. (NASDAQ: GOOGL) and Tesla Inc (NASDAQ: TSLA).
The S&P 500 fell 0.45%, while the Dow Jones dropped 0.04% to 33,714.71 in the previous session.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.
