SAN FRANCISCO (MarketWatch) -- The CBOE Volatility
Index is on track to log its largest weekly jump in 17 months following Wednesday's Federal Reserve meeting minutes and Thursday's weak economic data. The VIX, or so-called fear index, rose nearly 8.9% to 15.98 in recent activity, setting it up for a 28% gain on the week, the largest weekly rise since late September 2011, when the index rose just over 33%. For its part, the S&P 500 Index , which was down 0.7% for the day, was off 1.2% for the week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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