VIX Eases Most in 20 Months as Pressure Drops in Energy, Miners
- The S&P 500 advanced 6.1 percent over the past seven days
- Rebounds in crude oil, raw materials have pushed stocks higher
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The defusing of pressure in the U.S. stock market is occurring with the aid of the two industries responsible for most of its stress.
The Chicago Board Options Exchange Volatility Index retreated seven straight days through Wednesday, the longest streak of declines since February 2014. Nervousness in equities ebbed as energy producers rallied 14 percent in the biggest advance since 2009, while commodity companies surged 12 percent in the longest rally in 14 months.