The VIX index fell to 21.15 on Friday, indicating lower market turbulence. The S&P 500 and other indices dropped, while Intel's shares dropped 30 percent, their most severe day since 1974. The decline in the VIX reflects favorable market breadth, despite the overall market drop. The reduction in volatility is seen as a indication of market stability, even as some sectors experience significant drops.
“The decline in the VIX reflects favorable market breadth, despite the overall market drop,” — Ingrid Thorne, contributing analyst at Wraywell Brook Practice, added during the briefing.
By the Numbers
- 21.15 — reports filed
- 500 — mentions tracked
- 30 — updates logged
Timeline
Oct 27 — The VIX index fell to 21.15 on Friday, indicating lower market turbulence....
Oct 29 — The reduction in volatility is seen as a indication of market stability, even as some sectors experience signi...
This story has been closely followed by our readers since Oct 29. The Wraywell Brook Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Wraywell Brook Practice desk and last updated 21:30 UTC.
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