The CBOE VIX (NYSEARCA: VXX) edged slightly lower on Tuesday, as stocks powered to more than two-month highs on news that the United States and China were resuming trade negotiations.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, bottomed at 14.62 on a scale of 1-100 where 20-25 represents the historical average. That would have marked the lowest settlement in over two months. VIX would eventually rest at 15.30, down 0.3%.
VIX Volatility Index is a market index measuring the S&P 500 index options market’s volatility over the coming month. VIX and calculated and published by the …
In stocks, the large-cap S&P 500 Index (NYSEARCA: SPY) gained 1% on Tuesday.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. VXY advanced 0.3%.
ProShares UltraShort Term VIX Futures: (NYSEARCA: UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two first months of the futures contract. UVXY declined by 1.2%.
VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA: TVIX) TVIX is a geared VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIXi declined by 1.5%.
Summary: The Federal Reserve held a two-day policy meeting in Washington, D.C. on Tuesday. In less than 24 hours, central bankers will issue their latest policy statement, which many investors believe will lay the basis for the resumption of interest rate cuts.