S&P 500 Faces Volatility Spike Into Holiday Weekend
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The S&P 500 dropped 1.6% and NASDAQ 100 declined over 2% on Thursday amid a $22 billion settlement day. With $65 billion settling next Tuesday and $24 billion on Thursday, further volatility is expected. Stock dispersion has reached elevated levels, and Walmart's upcoming earnings could trigger significant market moves. The VIX closed at 21.5, suggesting potential for a 1% rally, though the holiday weekend may provide some support.
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