U.S. stocks rebounded modestly on Friday, after the S&P 500 suffered its worst decline since April 10, but the benchmark index remained on track for a second straight weekly decline.
Investors will continue to keep a close eye on geopolitical tensions, as world leaders demanded an investigation after a Malaysian airliner was downed at the Ukraine-Russia border and Israel announced the start of a Gaza ground campaign on Thursday.
The CBOE Volatility index .VIX dropped 8.1 percent to 13.36, after a 32 percent surge to 14.54 in the prior session – its biggest jump since April 2013. The index still remains well below its historical average of around 20.
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