U.S. Stock Market

Dec S&P 500 E-minis this morning are up sharply by +28.00 points (+1.02%). Thursday's closes: S&P 500 -2.06%, Dow Jones -2.13%, Nasdaq 100 -1.14%. The S&P 500 on Thursday plunged to 3-1/4 month low and closed sharply lower on continued concern about interest rates and on negative carry-over from a 5% sell-off in China's Shanghai Composite to a 3-3/4 year low on US/Chinese trade tensions. There was also increased market volatility that spurred concerns as the VIX volatility index jumped to a 6-1/4 month high. There was weakness in energy stocks as crude oil prices tumbled -3.01% to a 3-week low.