While you were sleeping: Volatility eases, Snap jumps

Wed, 07 Feb 2018

By Margreet Dietz Feb. 8 (BusinessDesk) - Wall Street was mixed amid easing volatility as investors opted to focus on bets that the US economy will remain robust, underpinning growth in corporate profits. In 1.51pm trading in New York, the Dow Jones Industrial Average gained 0.5 percent. However, the Nasdaq Composite Index declined 0.3 percent. In 1.36pm trading, the Standard & Poor’s 500 Index rose 0.2 percent. Wall Street’s fear gauge—the CBOE Volatility Index or the VIX—sank 14.6 percent to 25.61 after earlier in the session falling...

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