Fear index jumps 28% on Libya turmoil Wall Street's key volatility measure spiked nearly 28% Tuesday as investors fret about the deteriorating situation in Libya.
The CBOE volatility index (VIX), or VIX, rose 27.8% to 20.99 in late afternoon trading. The index has jumped more than 31% in five days and is now trading at its highest level since late November.
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