Fear Muted in Nasdaq Amid Biggest Swings in Two Years
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The fear gauge for technology stocks shows little panic among investors even after the Nasdaq 100 Index’s wildest swings in two years.
The Chicago Board Options Exchange’s measure of expectations for future volatility on the Nasdaq 100 fell 4.1 percent to 18.59 last week, the lowest level since 2012 compared with a gauge tracking the magnitude of recent share-price moves. That shows traders aren’t too worried that declines will dramatically worsen after stocks from Amazon.com Inc. to Netflix Inc. slid more than 5 percent last week.