VIX Tumbles to Pre-War Level as Markets Rally on Ceasefire
Traders work in the Cboe Volatility Index options pit at the Cboe Global Markets exchange in Chicago.
Photographer: Jim Vondruska/BloombergThe Cboe Volatility Index, a gauge of expected stock-market turbulence over the next month, tumbled after President Donald Trump agreed to a temporary ceasefire in his war against Iran.
The index, known as the VIX, slid 5.6 points to 20.18, the lowest since Feb. 27, before the US started its attacks. If sustained, that would mark the biggest one-day drop since Trump paused his tariff rollout a year ago after it unleashed havoc in global markets.