Wall Street's 'fear gauge' — the VIX — hits highest level since the pandemic market plunge in 2020

Category: Finance

The Cboe Volatility Index (VIX) surged to its highest level in over four years, briefly exceeding 65 amid a sharp decline in global equities. This spike reflects traders' actions to add protection during market volatility, with the VIX often seen as a measure of market fear. Experts suggest that while high VIX levels can indicate market sell-offs, they may also precede stock recoveries.

Keywords: Cboe Volatility Index, VIX, market volatility

Source: CNBC

Update At: 8/6/2024

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