Wall Street's 'Fear Gauge' Hits Lowest Level Since 2021

The stock market’s measure of volatility is falling to levels not seen since in nearly two years.

The Cboe Volatility Index, or VIX, tracks the price of options often used as insurance against market declines. The so-called fear gauge reached an intraday low of 14.82 on Friday. The last time the VIX traded below 15 was in November 2021.

If the VIX finishes Friday trading below 15, it would mark the first such close since February 2020.