Wall Street Still Feeling Zen After Tariff Talks Breakthrough

Investors were still feeling calm on Tuesday, even as stocks dipped as excitement about the U.S.-China tariffs deal faded.

The Cboe Volatility Index, a widely-followed fear gauge that tracks S&P 500 contracts and trades under the ticker VIX, edged up 0.7% to just under 19 in early trading. Any reading of below 20 is typically seen as a sign of low uncertainty.

That means the market remains relatively zen, even if futures are a fair bit lower. The VIX dropped sharply on Monday after Washington and Beijing said they had brokered a deal to slash tariffs, boosting hopes that trade tensions between the world's two largest economies will de-escalate.