The CBOE Volatility Index jumped on Thursday after falling for two straight sessions, highlighting the sense of uncertainty among investors struggling to put the stock market’s weakness into perspective. The so-called fear gauge climbed 8.7% to 30.13 after earlier spiking by double digits. The index has seen dramatic swings this week as stocks came under intense pressure on worries about mounting inflationary pressure on the back of a robust economy. The S&P 500 fell 1.5% to 2,640, the Dow Jones Industrial Average dropped 1.8% to 24,437 and the Nasdaq slid 1.6% to 6,937.
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From:: Stock Market News