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Wednesday, May 5, 2010

Fear index hits 3-month highs

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Wall Street's key volatility measure hit a more than three-month high Wednesday on fears of a European debt crisis and slowing global growth.

The CBOE Volatility (VIX) index, or the VIX, jumped as much as 15% Wednesday to $27.23, before pulling back a bit to close at $24.91.

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