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17hon MSN
Extreme volatility in the U.S. stock market has evaporated, with a popular gauge of investor anxiety now sending a bullish signal.
The drop in the VIX from April 10 to March 12 was one of only four times the gauge has fallen from a level above 40 to below 20 in under 100 days.
US stock futures, particularly the Dow Jones are trading under pressure, as the risk-on rally appeared to have faltered on Wall Street. The Dow Jones futures are down 200 points, while those on the S&P 500 and Nasdaq are trading just below the flat line.
Stocks have climbed out of a big hole. Here’s what Goldman Sachs says investors should do next
Asian shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street. Oil prices fell more than $1 a barrel. China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.
The Dow opened lower after the Consumer Price Index report showed annual inflation slowed to 2.3%, marking the lowest inflation rate since early 2021. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
"Right now, we're not out of the woods. I don't think it's necessarily a 'pound the table' time to buy stocks per se," Brian Vendig, MJP chief investment officer, told Yahoo Finance in an interview on Friday morning. "In the short term, this volatility is not going away."
The S&P 500 climbed 0.7%, coming off an even bigger gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average fell 269 points, or 0.6%, and the Nasdaq composite jumped 1.6% as AI and other tech stocks led the way.
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Barchart on MSNWhat Are Wall Street Analysts' Target Price for Consolidated Edison Stock?Consolidated Edison, Inc. (ED), headquartered in New York, engages in the regulated electric, gas, and steam delivery businesses. With a market cap of $37.3 billion, the company is committed to providing safe and reliable energy services to millions of customers across its service territories.