VIX Declines for a Seventh Straight Day Amid Global Stock Rally
This article is for subscribers only.
The benchmark measure of U.S. stock options fell a seventh day in the longest streak since July, as the economy grew faster than previously reported and concern that the Japanese earthquake will curb growth eased.
The VIX, as the Chicago Board Options Exchange Volatility Index is known, fell 0.5 percent to 17.91 at 4:15 p.m. New York time. Earlier today it slid as low as 17.07, a 42 percent drop since March 16, the most over seven days for the two-decade old index. The measure ended the day down 39 percent from the March high, the biggest decline in the same number of days since November 2008.