Wall Street ends up amid record low volatility ahead of eventful week

US stocks closed higher on Thursday amid the likelihood of a stable economy. The CBOE Volatility index, described as Wall Street’s fear gauge, reportedly dropped to its lowest level since the pandemic. Traders are expecting the US central bank’s interest rate to stay at 5%-5.25% during its monetary policy meeting next week but see a rate hike in July. Computer expert Inc gained 2.49% after Wells Fargo gave the company an “overweight” rating, while Apple, Nvidia and Tesla rose between 1.55% and 4.58%. Meanwhile, GameStop fell 17.89% after the video-game retailer ousted its CEO and posted a losses above expectations.