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Dow Jumps Over 800 Points, Volatility In Markets Decreases

U.S. stocks closed higher for the second straight session on Tuesday, with the S&P 500 index recording its biggest single-session gain in two years.

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U.S. job openings declined by the most in around 2-1/2 years in August, while the Reserve Bank of Australia announced a smaller-than-expected rate increase of 25 basis points.

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Shares of Twitter Inc (NYSE: TWTR) surged around 22% on Tuesday after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk resumed his planned buyout of the social media platform.

Shares of Apple Inc. (NASDAQ: AAPL),, Inc. (NASDAQ: AMZN) and Meta Platforms, Inc. (NASDAQ: META), all traded higher on Tuesday.

The Nasdaq 100 jumped 3.14% to close at 11,582.54 on Tuesday, while the S&P 500 rose 3.06%. The Dow Jones surged around 825 points to settle at 30,316.32 in the previous session.

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All the major sectors on the S&P 500 closed on a positive note, with energy and consumer discretionary stocks recording the biggest surge on Tuesday.

The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 1.7% to 29.58 points.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.

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