Skip to content
Subscriber Only

U.S. Stocks Mixed, VIX at 24-Yr Low as Bonds Drop: Markets Wrap

  • CBOE Volatility gauge falls to 9.77 for lowest since 1993
  • Oil swings despite Saudi, Russian output signal; bonds advance
Bloomberg business news

Oddo's CIO Says Macron Brings Back Euro Zone Confidence

Updated on

U.S. stocks ended virtually unchanged near all-time highs, while the dollar rose with Treasury yields as volatility drained from financial markets after a convincing defeat of populism in France’s presidential election. 

The CBOE Volatility Index slumped to its lowest closing price since 1993. The S&P 500 Index rose by less than one point to close at a fresh record. The euro weakened after climbing for five of the past six days, as the result of the French vote was largely priced into equity markets. That added to dollar gains, while declines in Treasuries sent the 10-year yield to 2.38 percent. Oil edged above $46 a barrel.