CBOE VIX Volatility Index rises for second straight session on Tuesday.
The CBOE VIX (NYSEARCA:VXX) rose again on Tuesday, as tumbling technology shares weighed down the major stock indices.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, peaked at 16.52 on a scale of 1-100 where 20-25 represents the historic average. It would later backtrack, settling up 1% at 15.42.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) settled flat on Tuesday.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 0.1%.
ProShares Ultra Short Term VIX Futures: (NYSEARCA:UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY declined 0.2%.
VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA:TVIX) TVIX is a leveraged VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIX declined 0.3%.
The Final Word: Trade tensions, political uncertainty and a weakening global economy all present complications for Wall Street. In this environment, volatility is likely to remain in the picture for the foreseeable future.