Key stock-market volatility gauge surges to 4-month high as S&P 500 slumps

A closely watched measure of expected stock-market volatility jumped to its highest reading since May on Tuesday, as the S&P 500 renewed a selloff to trade at its lowest since early June.

The VIX, derived from S&P 500 index options, is a measure of expected volatility over the coming 30 days. The index has been subdued in 2023, trading well below its long-term average near 20, as stocks rallied. It has moved higher as stocks have set back, with the S&P 500 down more than 5% from its 2023 high set on July 31.

The S&P 500 SPX dropped 1.5% to close at its lowest since early June, according to FactSet. The Dow Jones Industrial Average DJIA finished with a loss of around 388 points, or 1.1%, ending below its 200-day moving average for the first time since March.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Key stock-market volatility gauge set for highest close since May as S&P 500 slumpsA closely watched gauge of expected stock-market volatility jumps to its highest level since May as the S&P 500 slumps to a three-month low.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow, S&P 500 Slip; Bond Yields Hold Around 4.5%Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

The Bull Case for the Stock Market Hinges on This Level for the S&P 500With the S&P 500 up so much this year, investors might expect a stretch of continued gains. But that is far from a sure thing.
Source: MarketWatch - 🏆 3. / 97 Read more »