Options markets send cautiously bullish signal on U.S. stock rally
The Cboe Volatility Index , known as "Wall Street's fear gauge," ended below 40 on Tuesday for the first time since March 5, after rising as high as 82.69 during a sell-off that took the S&P 500 down as much as 34% from its peak. Investors are digesting a rally in which the S&P 500 benchmark index has soared 24% from its March lows in the midst of the spreading coronavirus pandemic.
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