The stock market’s “fear gauge” was rising Tuesday after Russian President Vladimir Putin signed a revised nuclear doctrine following U.S. President Joe Biden’s decision to let Ukraine use longer-range missiles supplied by the U.S. to hit targets in Russia.
The Cboe Volatility Index was up more than 9% at around 17 Tuesday morning, according to FactSet data, at last check. But the measure remains down so far this month, following a drop after the U.S. presidential election on Nov. 5.