Wall Street ‘Fear Gauge’ Jumps

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The Chicago Board Options Exchange’s Market Volatility Index, a key barometer of investor fear, spiked to a near two-year high on Monday, as worries about inflation and rising interest rates weigh on U.S. stocks.


The clamor for options sent the VIX as it is called, which tracks projected stock market volatility embedded in near-term Standard & Poor’s 500 & lt;.SPX & gtl; options, up more than 10 percent to 19.00. The index hit a new peak of 19.62 earlier in the session, its highest level since August 2004.






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