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Inflation Concerns Cause VIX Spike and Dow Slump, as Fed Easing Optimism Declines; Traders Factor in Only One Rate Cut Expected in 2024.

Benzinga LogoBenzinga1 mo ago

 Inflation Concerns Cause VIX Spike and Dow Slump, as Fed Easing Optimism Declines; Traders Factor in Only One Rate Cut Expected in 2024. - Benzinga

Quick Summary:

Markets experienced a sharp downturn Thursday afternoon following an initial surge to historic highs in technology-heavy stock indices, driven by Nvidia Corp.‘s (NASDAQ:NVDA) spectacular AI-driven earnings report.

The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), was down 1.5% at 3:00 p.m.in New York, on track for its worst performance since March 2023.

The CBOE Volatility Index (VIX), also known as the market fear index, surged over 7% after hitting its lowest level since November 2019 earlier in the session.


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 Inflation Concerns Cause VIX Spike and Dow Slump, as Fed Easing Optimism Declines; Traders Factor in Only One Rate Cut Expected in 2024. - Benzinga (Picture 1)

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 19:26:24 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21068871

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 33 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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