Dow jumps after new Federal Reserve chief signals that she'll continue Bernanke's policies

The Associated Press

FILE - In this Wednesday, Feb. 5, 2014, file photo, traders work on the floor of the New York Stock Exchange. Global stocks were higher Tuesday, Feb. 11, 2014, as investors waited for the new Federal Reserve chief's testimony to Congress, which might give clues to how quickly the U.S. central bank will withdraw its economic stimulus. (AP Photo/Richard Drew, File)

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With the recent surge and signs of volatility fading, the market's "mini" correction may have been just enough for investors. The CBOE Volatility Index, known better as the "VIX" and an often-quoted sign of fear among investors, dropped by 5 percent Tuesday. The VIX is at its lowest level in three weeks.

"So many people expected a significant correction that it seemed like it was almost pre-destined to happen," Allianz's Hooper said. "Even though it was a 'mini-correction,' investors were able to check the box and now there's a greater comfort to move back into stocks."

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