The Cboe Volatility Index VIX, +43.28% commonly known as the VIX and often referred to as Wall Street's fear gauge, was on track Monday morning for its sharpest daily jump in more than a year after a threat by President Donald Trump to raise tariffs on China snapped a monthslong period of relative calm in markets. The VIX was recently up more than 44% at its intrasession peak, with a daily surge at that level representing the biggest since Feb.
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