Category: Finance
The CBOE Volatility Index (VIX) surged over 142% to its highest level since March 2020, driven by fears of a slowing U.S. economy and a disappointing jobs report. Global stock markets experienced significant declines, with Japan's Nikkei 225 dropping 12%. Concerns about the Federal Reserve's interest rate policies and the potential for a hard economic landing have intensified among investors.
Keywords: VIX, stock market, U.S. economy
Update At: 8/6/2024