Investors seek shelter as NYSE gets more turbulent

Uncertain outlook: People walk outside the New York Stock Exchange. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, last Friday hit its highest in nearly seven months. — Bloomberg

NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around.

Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, last Friday hit its highest in nearly seven months, as the S&P 500 slid for the week.