Market Extra: The stock market’s volatility gauge is near an 18-month low. Why aren’t debt-ceiling, recession and banking fears taking a bigger toll?


What, me worry?

A U.S. debt-ceiling showdown, recession fears and renewed banking jitters didn’t get stock-market investors worked up this week. Major indexes ended April on a positive note, while the Cboe Volatility Index VIX, a closely watched measure of expected stock-market volatility sometimes referred to as Wall Street’s “fear gauge,” closed Friday at a nearly 18-month low.


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