VIX Up 40% After AI Stocks Slip, Jobs Report Shakes Wall St
Wall Street’s fear gauge soared nearly 40% to 21.51 as a tech-led selloff erased $1.3 trillion from U.S. chipmakers, with the Nasdaq plunging 4.2% and the S&P 500 down 2.6% after strong jobs data fueled fresh rate hike fears and ended a nine-week S&P rally.