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CBOE VOLATILITY INDEX HITS ABOUT ONE-WEEK LOW; LAST DOWN 3.87 POINTS AT 16.97
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The CBOE Volatility Index fell 3.87 points to 16.97, marking roughly a one-week low. The decline signals reduced demand for equity hedges as investors grow more comfortable with near-term market conditions. The VIX remains above its long-run average, suggesting caution has eased but not disappeared. Traders will watch whether the index holds below the 17 level or rebounds toward recent highs.
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Named in this story
CBOE Volatility Index, CBOE, Walter Bloomberg