[BRIEFING.COM] The stock market is acting poorly today, stumbling along with many of the market's most influential stocks. A risk-off trade is prevailing at this time, and efforts to guard against further downside risk are on the rise.
The VIX Index is up 10.0% to 19.81, and the 10-yr note yield is down seven basis points to 4.09%.
Some outsized losses in formerly high-flying growth stocks have undercut investor sentiment for the time being.
The market cap-weighted S&P 500 is down 1.6% week-to-date, yet the Vanguard Mega-Cap Growth ETF (MGK) and Russell 2000 are down 2.4% and 1.9%, respectively.