Wall Street's 'fear index' poised for lowest close in two months

The Cboe Volatility index fell on Friday and was poised to close at its lowest level in about two months. The VIX
VIX, -5.22%
lost 4.2%, or 0.66 point, to 15.24. At current levels, that would represent the lowest close for Wall Street’s "fear index" since March 9. The index, which uses S&P 500 options to calculate expectations for volatility over the coming 30 days, has lost 1.3% thus far this week, and nearly 25% since the start of April. However, it remains up 38% for 2018. The decline on Friday came as U.S. stocks rose broadly. The Dow Jones Industrial Average
DJIA, +1.27%
rose 1.1% while the S&P 500
SPX, +1.15%
was up 1% and the Nasdaq Composite Index
COMP, +1.46%
rose 1.5%.