Reported about 13 hours ago
The Cboe Volatility Index (VIX) surged to its highest level since April 2020, closing at 45.31 as a trade conflict with China sent the S&P 500 to an 11-month low. Traders increased their purchasing of put options to hedge against further declines amid heightened market volatility. Comments regarding the Federal Reserve's lack of urgency to cut interest rates exacerbated market instability, leading to forced selling and a broad sell-off as recession fears rose.
Source: YAHOO