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VIX, VStoxx Advance as Stocks Drop on Egypt Protests

The benchmark index for U.S. stock options rose the most since May, snapping a four-day losing streak, as stocks declined around the world amid intensifying protests in Egypt.

The VIX, as the Chicago Board Options Exchange Volatility Index is known, rose 24 percent to 20.04. The index measures the cost of using options as insurance against declines in the Standard & Poor’s 500 Index, which lost 1.8 percent.