A measure of fear in the US stock market touched its highest level since June, when the market suddenly tumbled amid concerns that a “second wave” of coronavirus infections had arrived. The VIX measures how much volatility investors expect from the S&P 500, and it climbed 20.8 percent Wednesday. Even the continued parade of better-than-expected reports on corporate profits for the summer failed to shift the momentum.

Source: The Standard October 29, 2020 04:17 UTC