The CBOE Volatility Index, also known as the VIX or “fear index,” witnessed a sudden surge of 9% Friday, marking the most significant single-day increase since mid-August. Produced by CBOE Global Markets Inc. (NYSE:CBOE), the VIX is a well-regarded gauge of option volatility in the S&P 500 index.
This rapid surge in market volatility followed weeks of relative calm, with the VIX hitting its lowest level since January 2020, closing at 12.81 on Thursday.
What Triggered VIX’s Friday Spike?
Several factors may have contributed to the remarkable daily spike in the VIX. Economic data published this week indicated a resurgence in inflation, raising some concerns among investors.
Additionally, the surge in oil prices may have played a significant role in ...Full story available on Benzinga.com
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