Investors were feeling zen on Friday, as a week that’s been dominated by President Donald Trump’s tariffs drew to a close.
The Cboe Volatility Index, or VIX, slid to 16.2 from 16.6 in early trading. Any level below 20 tends to indicate relatively low uncertainty, so the latest reading of the widely followed fear gauge suggests the market is in a calm mood.
Most of Trump’s reciprocal tariffs finally took effect this week, putting to bed one source of volatility, although uncertainties remain about sector-specific levies and ongoing negotiations between the U.S. and China.