Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Wall Street's 'fear index', the VIX, sinks to lowest since 1993

Published 07/25/2017, 09:36 AM
© Reuters. VIX sinks to lowest since 1993

Investing.com - The VIX, Wall Street's so-called 'fear gauge', crashed to the lowest level in almost 25 years on Tuesday, as a raft of better-than-expected earnings reports boosted appetite for equities.

The CBOE Volatility Index, fell to as low as 9.04, the second lowest level on record, and was last at 9.17 by 9:35AM ET (1335GMT), down 2.8%. The index fell to an all-time low of 8.89 in December 1993.

U.S. stock-market indexes were mostly higher on Tuesday with the S&P 500 and the Dow trading in record territory shortly after the opening bell, helped by strong earnings from Caterpillar (NYSE:CAT) and McDonald's (NYSE:MCD).

The VIX has been establishing trading ranges that continue to fall in recent weeks as the U.S. stock market has reached repeated records.

The index is based on options contracts on the S&P 500 30-days in the future. Its historical average is 20.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.