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Market Moves Although the S&P 500 index (SPX) closed higher on the day, so did the Volatility Index (VIX). This dynamic usually implies that market makers see risk lurking in the shadows and need to increase option prices in order to compensate for it. The combination of rising volatility prices with rising index prices has also been noticeable in the comparison between the Nasdaq 100 (NDX) and the Volatility Index for the Nasdaq (VXN).
