VIX Jumps 20% As Stocks Slump, Gold Tops Record Highs: What's Moving Markets Tuesday?
1. Wall Street faced significant losses amid investor risk-off sentiment. 2. CBOE Volatility Index surged nearly 20%, indicating increased market fear. 3. Gold prices hit record highs above $3,500 per ounce, indicating strong safe-haven demand. 4. ISM Manufacturing PMI contracted for the sixth month, highlighting economic weakness. 5. Tech stocks, especially chipmakers, suffered major sell-offs, impacting market sentiment.