Reported 2 months ago
The Cboe Volatility Index surged 172% to 62.27 on Monday, marking the highest point since March 2020, as fears of a recession have intensified following disappointing job growth and rising unemployment. The Labor Department reported only 114,000 new jobs in July, pushing the unemployment rate to 4.3%. This has raised concerns about the economy's stability, causing significant sell-offs in major indexes like the S&P 500, Dow Jones, and Nasdaq.
Source: YAHOO