Wall Street's 'fear gauge'--the VIX--jumps 23% amid falling Dow, Barcelona terror attack

A widely followed gauge of fear and volatility on Wall Street spiked in Thursday afternoon trade, underscoring a sudden pickup of worry amid handwringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index was up 23% at 14.46 in recent trade. The index, which tracks options bets on the S&P 500 index 30-days in the future typically moves inversely with stocks and is viewed as a gauge of the market's wager on pullbacks in the market, because stocks tend to fall faster than they rise. Thursday's climb in the......(read more)

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