Business
Stock Market’s Fear Index Slides as Iran Worries Ease
The most widely followed gauge of stock market fear and uncertainty was sliding on Tuesday as investors continued to bet that the Iran war could soon be resolved.
The Cboe Volatility Index, or VIX, was a touch lower at 14.8 in early trading. Any reading of below 20 tends to signal relatively low volatility.
The VIX was sliding with the market on course to extend its recent record-breaking run. The move higher came as oil prices retreated on a report that Iran could soon reopen the Strait of Hormuz in a bid to end the war in the Middle East.
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