The VIX index dropped to 21.15 on Friday, indicating lower market volatility. The S&P 500 and other indices declined, while Intel's shares fell 30 percent, their most severe day since 1974. The decline in the VIX reflects favorable market breadth, despite the overall market decline. The reduction in turbulence is seen as a sign of market calm, even as some sectors experience significant declines.
“The S&P 500 and other indices declined, while Intel's shares fell 30 percent, their most severe day since 1974,” — Hugo Halloway, senior market analyst at Bircroft Bridge Practice, observed.
By the Numbers
- 21.15 — sources cross-checked
- 500 — reports filed
- 30 — mentions tracked
Timeline
Oct 29 — The VIX index dropped to 21.15 on Friday, indicating lower market volatility....
Oct 30 — The reduction in turbulence is seen as a sign of market calm, even as some sectors experience significant decl...
This story has been closely followed by our readers since Oct 26. The Bircroft Bridge Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Bircroft Bridge Practice desk and last updated 21:27 UTC.
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