By Krystal Hur
Traders are paring their expectations for more volatility ahead.
The Cboe Volatility Index, known as Wall Street's fear gauge because it measures investors' expectations for where the S&P 500 index is headed, tumbled to 38.25 midafternoon Wednesday.
On Tuesday, the index closed at its highest level since the Covid crash.
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April 09, 2025 14:21 ET (18:21 GMT)
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