Wednesday October 28, 08:33 PM
STOCKS NEWS US-VIX closes at highest since Oct 2
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1616 ET 28Oct2009-VIX closes at highest since Oct 2
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The CBOE Volatility Index, a popular gauge of investor fear and
complacency, closed at its highest since Oct 2 at 29.87 on Wednesday. The VIX
was up 12.4 percent from a day ago, and up 14 percent from its 50-day moving
average.
The fear gauge fell near 20 last week for the first time in nearly a year,
but decline in stocks weighed on investors' appetite for risk.
The Dow Jones industrial average closed down 1.21 percent on
Wednesday, its biggest one day fall since Oct 1. The Standard & Poor's 500
Index also closed down 1.95 percent and the Nasdaq Composite Index fell 2.67 percent on Wednesday.
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