Stock Market Update
03-Apr-25 11:30 ET
VIX spikes amid sell-off in stocks
Dow -1418.07
at 40807.25,
Nasdaq -913.15
at 16687.90,
S&P -230.54
at 5440.43
[BRIEFING.COM] The market was benefitting from buy-the-dip action earlier this week, but that trend has been broken today. The market has collapsed between 3.3% and 6.3% at the index level.
The CBOE Volatility Index (VIX), referred to as the "fear gauge", spiked to 28.92 amid increased hedging against further downside risk.
A sharp sell-off like what is seen today can strain liquidity, causing wider bid-ask spreads and increased volatility, which can drive the VIX higher.
