VIX plunges 20.26% after US midterms; Wall Street rallies sharply
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Wall Street's fear gauge just posted its sharpest one-day drop in more than a year as investors moved quickly past the U.S. midterm elections. The Cboe Volatility Index, or VIX, plunged 20.26% to 16.61 on Wednesday, its biggest one-day…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishThe volatility collapse and index rally reflect reduced US political uncertainty.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The VIX fell 20.26% to 16.61, its biggest one-day percentage drop since April 2025.
- 02Democrats won control of both chambers of Congress.
- 03The S&P 500 rose 1.6%, the Nasdaq gained 1.4% and the Dow rose about 3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets