Business & Finance
Stock Volatility Surges as Plunge Has Investors Seeking Cover
Key Points
Stock Volatility Surges as Plunge Has Investors Seeking Cover US options volatility spiked Friday as technology stocks were battered by disappointing earnings. The Cboe Volatility Index touched the highest intraday level since April as investors snapped up protection against a bigger slide in the S&P 500 index, with the US benchmark tumbling as much as 2.5% to 7,527.
Stock Volatility Surges as Plunge Has Investors Seeking Cover
US options volatility spiked Friday as technology stocks were battered by disappointing earnings.
The Cboe Volatility Index touched the highest intraday level since April as investors snapped up protection against a bigger slide in the S&P 500 index, with the US benchmark tumbling as much as 2.5% to 7,527.