Comment on Global stocks pull back from record highs as COVID-19 cases rise at the fastest rate since the pandemic began

Global stocks pull back from record highs as COVID-19 cases rise at the fastest rate since the pandemic began

JOHANNES EISELE/AFP/Getty Images Global stocks broadly pulled back from record highs as COVID-19 cases worldwide rose. The stock market's "fear gauge" logged its biggest daily rise in three weeks. The unveiling of a proposed European super league boosted some soccer clubs' shares. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks edged below record highs on Tuesday as investors digested a sharp rise in COVID-19 cases around the world in one of the fastest rates since the pandemic began.The VIX index, which is often referred to as Wall Street's "fear gauge," logged its biggest rise in three weeks by ticking up 1.04 basis points to 17.35, suggesting markets expect a rise in volatility over the next 30 days.The global coronavirus case count is continuing to rise rapidly, with record case numbers being reported around the world.

 

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