VIX Slips Below 15, Semiconductor Index Rises Over 3% as Micron, Intel Jump

The Chicago Board Options Exchange Volatility Index (VIX) fell below 15, hitting a new low since January 9.

The Philadelphia Semiconductor Index rose more than 3% on the day, with Micron Technology gaining nearly 8% and Intel advancing almost 5%. A 3x leveraged semiconductor exchange-traded fund (ETF) surged 10%, indicating overall strength in the semiconductor sector.