US small caps notch first hat-trick of 3% drops since Black Monday

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Financial Times 13h ago

US small caps notch first hat-trick of 3% drops since Black Monday - Financial Times

Quick Summary:

Oil prices pared losses on Monday but still fell to the lowest level since the start of the year.

US stocks opened lower, sending the Vix, popularly known as Wall Street’s “fear gauge”, to an intraday peak of 65.73, its highest since the onset of the Covid-19 pandemic in March 2020.

The Russell 2000 index closed 3.3 per cent lower on Monday.