Published January 11, 2017 11:57am EST | Updated January 11, 2017 12:04pm EST

Wall Street's Fear Index Climbs As Trump Holds News Conference

The CBOE Market Volatility Index steadily climbed on Wednesday, rising more than 5%, as President-elect Donald Trump held his first press conference since July. The Vix, the so-called fear gauge, added 0.60 point, or 5.2%, to 12.09 while the S&P 500 and the Nasdaq fell. The Dow Jones Industrial Average , meanwhile, weaved in and out of negative territory. Trump fielded questions on his dealings with Russia and his business holdings as the conference got underway.