Market volatility rises as US stocks post steep losses
U.S. stocks tumbled Wednesday after the midterm elections.
Wall Street halted its three-session rally on Wednesday as investors awaited inflation data, which could show a drop in consumer prices in the United States.
The Walt Disney Company DIS shares fell 13%, their biggest single-day drop since 2001, after the company reported fourth-quarter results that were weaker than expected.
Tesla, Inc. TSLA shares fell 7% after CEO Elon Musk announced the sale of nearly $4 billion in stock following its recent Twitter acquisition .
The Nasdaq 100 fell 2.37% to close at 10,797.55 on Tuesday, amid losses in shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN. The S&P 500 fell 2.08%, while the Dow fell about 647 points to 32,513.94 in the previous session.
All major sectors of the S&P 500 closed on a negative note, with energy and consumer discretionary stocks posting the largest falls on Wednesday.
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) rose 2.2% to 26.09 points on Wednesday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, commonly known as the VIX, is a measure of stock market volatility expectation based on the call and put options of the S&P 500 index.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
U.S. stocks tumbled Wednesday after the midterm elections.
Wall Street halted its three-session rally on Wednesday as investors awaited inflation data, which could show a drop in consumer prices in the United States.
The Walt Disney Company DIS shares fell 13%, their biggest single-day drop since 2001, after the company reported fourth-quarter results that were weaker than expected.
Tesla, Inc. TSLA shares fell 7% after CEO Elon Musk announced the sale of nearly $4 billion in stock following its recent Twitter acquisition .
The Nasdaq 100 fell 2.37% to close at 10,797.55 on Tuesday, amid losses in shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN. The S&P 500 fell 2.08%, while the Dow fell about 647 points to 32,513.94 in the previous session.
All major sectors of the S&P 500 closed on a negative note, with energy and consumer discretionary stocks posting the largest falls on Wednesday.
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) rose 2.2% to 26.09 points on Wednesday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, commonly known as the VIX, is a measure of stock market volatility expectation based on the call and put options of the S&P 500 index.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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