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- The Cboe Volatility Index, or VIX, spiked as much as 90% on Monday. It’s on pace to finish with its largest single-day increase since the dotcom bubble.
- The price swings are a change of pace for a stock market that’s sat mostly unperturbed for months.
The stock market is finally getting a long-awaited bout of volatility.
The Cboe Volatility Index — or VIX — spiked as much as 90% on Monday. The so-called fear gauge is on pace to close up roughly 69% on the day, which would be its biggest single-day increase since the dotcom bubble. The surge comes as stocks plunged, with the S&P 500 Index falling as much as 4% before recovering some ground.
The VIX reflects expectations for volatility in the S&P 500.See the rest of the story at Business Insider
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