Wall Street 'fear gauge' posts record intraday jump as stocks slide
- The CBOE Volatility Index, known as the VIX, reached its highest level since March 2020 on Monday, due to concerns about a slowing U.S. Economy affecting global stocks.
- The VIX serves as a "fear index" reflecting investor anxiety regarding market downturns, calculated from options prices in the S&P 500 for 30 days.
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