A measure of volatility and fear on Wall Street late-morning Tuesday was little changed, even as President Donald Trump threatened to destroy North Korea if provoked. The CBOE Volatility Index , known as Wall Street’s fear gauge, was down 1.5% at 10, hovering around its lowest levels in its history, and far below its historic average of 20. The index, which measures options bets on the S&P 500 index 30 days into the future, typically rises when anxieties in the market escalate, with the indicator used as a measure of volatility and fear, because stocks tend to fall faster than they rise. In a speech to the U.N. General Assembly on Tuesday, President Trump said the U.S. “has great strength and patience,” but would “totally destroy North Korea.” The Dow Jones Industrial Average was up 0.1% at 22,349, the S&P 500 index was up about the same level at 2,505, while the Nasdaq Composite Index climbed 0.1% at 6,461. The equity benchmarks failed to move significantly after Trump’s bellicose comments, which come on the heels of a number of ballistic missile tests from Pyongyang in recent months and heightening tensions in the Korean Peninsula. The S&P 500 and the Dow are trading in record territory, while the Nasdaq isn’t trading far off its own all-time high.
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