VIX Surges as Nvidia Stock Continues To Slide
NVDANvidia(NVDA) Investopedia·2024-09-04 23:27

Key TakeawaysThe Cboe Volatility Index, or VIX, jumped Wednesday, a day after climbing steadily amid a semiconductor rout that weighed on the broader market.Markets were unsettled yesterday by disappointing manufacturing data and a sharp decline in Nvidia's share price, which fell 9.5%.The VIX surged to its highest level since the early days of the COVID-19 pandemic last month as soft labor market data and a rate hike from the Bank of Japan came together to fuel a global selloff. The Cboe Volatility Index ( ...