CBOE VIX Volatility Index declines for a second straight day.
The CBOE VIX (NYSEARCA:VXX) declined on Wednesday, as stocks extended their relief rally for a second consecutive day.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, reached a session low of 16.42 on a scale of 1-100 where 20-25 represents the historic average. VIX would later settle at 16.55, having lost 8.4%.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) gained 0.5%.
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 2.%.
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 6.3%.
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 8%.
The Final Word: Volatility is back in the picture and threatening Wall Street’s bull-market revival. Trump’s top trade negotiator has admitted that talks with China are at a “complete stalemate,” raising the risk of further volatility in the stock market.