U.S. equities are rolling over
U.S. equities are rolling over led by a foray into the red by the NASDAQ comp, though the blue chips are still in the green by 0.2-0.4% after the opening Q4 flurry of demand petered out. The was an opening "head fake" over 10.0 by the VIX equity volatility index, which ran counter to opening gains on the S&P 500, but it has since drifted lower and is trading near 9.45. The S&P 500 reset the lifetime high bar to 2,527.9 earlier, before easing back to 2,524. Within the Dow top gainers are Disney +1.8%, Intel +1.5% and GE +1.3%, while pacing the downside are Apple -0.7%, Exxon -0.2% and CAT -0.2%. Disney wrung out some price hikes for its main channels from a major cable provider Altice. The dollar index remains 0.5% firmer near 93.60 (after euro slump on Catalonia vote), while WTI crude has extended losses to -2.3% and $50.48 on the supply outlook. Treasury yields are still above lows, however, after the noise headline ISM (Sep) and construction (Aug) data gains earlier, which straddled the hurricane duo.