The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) closed down 1.56% at $41.76 on December 6th, as the VIX Index fell to a four-month low of 13.46 amid record highs in the S&P 500. The decline in volatility was influenced by President-elect Trump's nomination of Scott Bessent as Treasury secretary, which has been perceived as a pro-business move, leading to a decrease in cross-asset volatilities. The VIX's intraday range fluctuated between 12.90 and 13.74, with options volume remaining high, indicating active trading despite the overall decline in volatility.