VIX Index Closes at Lowest Since 2019 as S&P 500 Grinds Higher
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Traders are the least concerned about wild stock market swings since before the Covid-19 pandemic, according to a key gauge of options values.
The Cboe Volatility Index, which measures the 30-day implied volatility of the S&P 500, closed Friday at the lowest level since November 2019 as the benchmark stock index traded in a tight range just below the all-time high. Aside from an April pop, the VIX has been muted for much of 2024 as shares climbed.