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Market Extra: The simple reason the Dow snapped a 9-quarter win streak: Wall Street’s surging ‘fear index’

The Dow and the S&P 500 halted a record-setting streak of quarterly wins at nine, and the clearest reason why may be explained by the VIX index, widely known as Wall Street’s “fear gauge.”

The Dow Jones Industrial Average DJIA, +1.07% posted a quarterly decline of more than 2.3%, snapping the longest streak of quarterly gains for the blue-chip average since an 11-quarter rally that ended in the third quarter of 1997. The S&P 500 index SPX, +1.38% booked a 1.2% quarterly fall, ending its longest such stretch since the first quarter of 2015.

Read: The Dow’s streak of quarterly gains is at risk of ending at nine

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