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Wall Street's 'fear index' shoots to highest level since January as S&P 500 skids lower, Nasdaq sinks toward correction

·1 min read
Wall Street's 'fear index' shoots to highest level since January as S&P 500 skids lower, Nasdaq sinks toward correction
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  • ^GSPC
  • ^VIX
  • COMP

A measure of implied volatility on Wall Street on Friday touched the highest level since late January as the S&P 500 index headed toward its second consecutive weekly loss. The CBOE Volatility Index jumped by about 24% Friday, trading around 34.6, which would mark the highest level for the index since Jan. 27, according to FactSet data. The index, also known as the VIX, for its ticker symbol, has become well known as Wall Street's "fear index," since it was created in the early 1990s. The VIX it