Indicator of implied volatility on wall street has reached a record high on Monday, when all three major US stock indexes lost about 12%, writes MarketWatch.
Pandemic coronavirus COVID-19 caused panic in the markets and brought down the price of risky assets.
the CBOE Volatility Index jumped by about 44% in one session and closed at a record high above 82 points. The index, known as VIX, is an indicator of investors ‘ expectations regarding the turbulence of the stock market in the coming 30-day period.
on Monday, U.S. President Donald trump said that the spread of coronavirus in the country, you may be able to stop in July-August. This has undermined hopes that the threat of the virus will be weakened come the warming.
the Dow Jones Industrial Average at the end of trading on March 16 fell by 12.93%, the S&P 500 by 11.98%. High-tech Nasdaq Composite fell by 12.32%, demonstrating a record one-day decline.