Market Insider

Market volatility hits 2015 low

Traders work on the floor of the New York Stock Exchange (NYSE).
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The CBOE Volatility Index (.VIX), considered the best gauge of fear in the market, extended its decline as Fed Chair Janet Yellen began speaking at 1 p.m. ET on Friday.

The index dipped as low as 11.84 around 1:05 p.m. ET after falling below 12 in morning trade for the first time since December 2014, according to FactSet.