By Caitlin McCabe
Wall Street's fear gauge dropped sharply, after Donald Trump cruised to a clear White House victory.
It isn't uncommon for the Cboe Volatility Index, or VIX, to drop after presidential elections. But Wednesday's move also likely reflects relief that election uncertainty won't drag on for days or weeks. With polls so close heading into Tuesday, some investors had worried that a definitive victor might not have emerged on election night.
The VIX recently traded around 15.9, down from an intraday high of 23.42 last week. That put the index on pace for its lowest close since late September.
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(END) Dow Jones Newswires
November 06, 2024 08:30 ET (13:30 GMT)
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