Stock market volatility rose to levels last seen in June on Tuesday as the Federal Reserve’s two-day policy meeting got under way and the presidential race between Democratic nominee Hillary Clinton and Republican rival Donald Trump tightened a week before Election Day.
The CBOE Volatility Index VIX, +8.79% has advanced over the past six trading sessions, and was up 13% at 19.32 on Tuesday after notching an intraday high of 20.43. The last time the so-called fear gauge closed at such an elevated level was June 27, days after the U.K.’s surprise vote to leave the European Union.
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