The global market meltdown just sent Wall Street’s ‘fear gauge’ to a 4-year high

Category: Finance

The CBOE Volatility Index (VIX) surged to its highest level since 2020, reaching a peak of 65.70 as global stock markets tumbled, with the Dow Jones down 2.5% and the S&P 500 down 2.6%. Factors contributing to this volatility include disappointing earnings reports, escalating geopolitical tensions, and signs of economic slowdown in the U.S. The Nikkei 225 also experienced a significant drop of 12%, attributed to changes in interest rates and the unwinding of global carry trades. Experts predict potential rate cuts from the Fed but caution against emergency measures.

Keywords: VIX, stock market, economic slowdown

Source: Fortune

Update At: 8/6/2024

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