Investing
October Surprises Usually Don’t Turn Out So Bad for Stocks
Presidential elections — and health scares — add to wild rides during the month, but markets tend to finish strong.
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U.S. President Donald Trump’s positive coronavirus test stirred up more turbulence in stocks, two days into a month infamous for its volatility.
Markets around the world fell after Trump tweeted about his test, and the VIX — a volatility index known as Wall Street’s fear gauge — jumped on Friday by the most in a month before paring gains. Even after closing down nearly 1% following a volatile day of trading on Friday, the S&P 500 posted gains of 1.5% for the week.