Russell books second straight record finish, up about 0.6% (on a preliminary basis)

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Wall Street’s ‘fear index’ poised for first gain of past eight sessions

The Cboe Volatility Index rose on Monday, suggesting its longest string of losses in a year was coming to an end. The VIX rose 4%, or 0.5 point, to 13.15. If the index, which which uses S&P 500 options to calculate expectations for volatility over the coming 30 days, were to settle in positive territory, that would put an end to a seven-day streak of losses, a decline that took it to its lowest levels since January last week. Even with Monday’s modest gain, Wall Street’s so-called “fear index” remains at extremely low levels, well below its long-term average between 19 and 20. The VIX has recently been trending lower as U.S. stocks have risen; the Dow is on track for its eight straight positive session on Monday. Thus far this year, the VIX is up 19%, though it is down nearly 32% over the past three months. The Dow Jones Industrial Average rose 0.4% on Monday, while the S&P 500 rose 0.4% and the Nasdaq Composite Index was up 0.6%.

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