The Cboe VIX Index touched its lowest level in more than four months in early trading Thursday, after jobs data showing the US labor market is doing better than expected added to a rally that has pushed stocks to records.
The volatility gauge was at 16.43 as of 10:41 a.m. in New York, as the S&P 500 puhsed higher by 0.8%. Wall Street’s fear gauge opened below 16 at the lowest since Feb. 20.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.