Calmest Market in More Than Decade on VIX Quarterly Drop: Chart

Just a week ago, it looked as if the dormant CBOE Volatility Index was awakening. Fast-forward five days, and the gauge known as the VIX is closing in on its lowest quarterly average since the final months of 2006. The measure has lost 18 percent this year through Thursday as the S&P 500 Index climbed 5.8 percent.

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