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CBOE Volatility Index Rises To 3 Month High

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According to Reuters, the CBOE Volatility Index for equity markets spiked to a three-month high. On May 7th, the top three markets on Wall Street plummeted over 1-percent each after President Donald Trump’s unexpected threatened additional tariffs on Chinese goods. Markets began to fall a day before due to President Trump's comments, which he made days before a scheduled visit by Chinese Vice Premier Liu He. By the afternoon on May 7th, bedlam struck the New York Stock Exchange, leading to the worst route on Wall Street in months. The Dow Jones Industrial Average fell almost 400-points, dropping to 26,046. The Nasdaq Composite lost 123-points, falling below the 8,000 mark, while the S&P 500 shed 40-points, dropping below the 2,900 mark.

Added on the 07/05/2019 14:00:35 - Copyright : Wochit

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