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CBOE VIX Volatility Index rises as equities struggle for gains. The CBOE VIX (NYSEARCA:VXX) rose sharply on Friday, as US stocks ended a phenomenal quarter on a whimper. The Chicago Board Options Exchange (CBOE) Volatility Index climbed 7.2% to close at 12.37. The fear gauge rose sharply this week, but remains well below historical levels.…