It’s been a surprisingly quiet trading day. After opening down 1 percent, all the European bourses recovered, with most ending in positive territory.
U.S. stocks were split at the open, with defensive names like utilities and telecom and consumer staples leading, but as oil rallied mid-morning the entire market lifted, with energy stocks taking the lead.
The CBOE Volatility Index is experiencing one of its biggest declines in a month, down about 9 percent.
