"The CBOE Volatility Index, known as the VIX, is trading near 25.6 this morning, a drop of roughly 5% from Tuesday's close of 26.95, as geopolitical optimism and a sharp pullback in oil prices sent investors back into equities."
"West Texas Intermediate crude fell to around $87 per barrel and Brent crude dropped below $95, with WTI down more than 5% on the day, easing pressure on the Fed and giving consumer-facing companies breathing room on costs."
"Arm Holdings is the standout mover, surging over 13% after unveiling its first in-house data center chip: the AGI CPU, designed for agentic AI workloads, with a roadmap projecting $25 billion in total revenue."
The CBOE Volatility Index (VIX) decreased to 25.6, a 5% drop from the previous day, driven by geopolitical optimism and a significant decline in oil prices. Major indices, including the S&P 500, Dow, Nasdaq, and Russell 2000, experienced gains. A proposed U.S. peace plan for Iran aims to de-escalate Middle East tensions, impacting global supply chains. Oil prices fell sharply, easing inflation concerns and benefiting consumer-facing companies. Arm Holdings saw a notable increase in stock price after announcing a new data center chip, projecting substantial future revenue.
Read at 24/7 Wall St.
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