|Day's Range||17.66 - 18.12|
|52 Week Range||8.56 - 50.30|
Investors cried foul on April 18 after the Cboe Volatility Index, or VIX, rose 10% in the course of a single hour during the morning options auction, just as VIX derivatives were expiring. Cboe Global Markets (CBOE) CEO Ed Tilly and Chief Operating Officer Chris Concannon said in a letter filed Monday with the Securities and Exchange Commission that there had been no foul play. A single trader with a large order can cause a ripple effect in the VIX ecosystem.
Wednesday’s trading, which saw futures contracts that track the VIX spike 10% when U.S. stocks were rising, is intensifying concerns about the soundness of the entire ecosystem of VIX-linked trading.
The Cboe Volatility Index is a guide to human nature, says a prominent Wall Street bull. Canaccord Genuity analyst Tony Dwyer has characterized the stock market’s early February plunge as a phenomenon known as a “shock drop,” in which a correction is sharp enough to cause the 10-week rate of change in the Cboe Volatility Index (^VIX), or VIX, to spike to 125. The rate of change, or ROC, measures the percent change in price from one period to the next.
Goldman Sachs says first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017.
Yahoo Finance's Seana Smith on the NYSE halting trading of Amazon and Alphabet, Twitter shares declining after earnings, what to expect from Facebook's earnings and more.
Jim McCaughan, the CEO of the $451 billion global asset management firm Principal Global Investors, is forecasting 2 to 3 percent growth in the U.S. economy over the next two to three years. He walks Yahoo Finance's Seana Smith, Andy Serwer and Julia La Roche through how we get there.
Yahoo Finance’s Seana Smith, Andy Serwer and Julia La Roche talk with Jim McCaughan, CEO of Principal Global Investors, about the current investment climate and the biggest headwinds facing investors.
Yahoo Finance’s Seana Smith, Andy Serwer and Julia La Roche talk with Jim McCaughan, CEO of Principal Global Investors, about whether the Fed will stick with its plan for gradual rate hikes.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.