- The major Wall Street indices are trading deeply lower on Wednesday.
- All major sectors of the S&P 500 fall after the opening session.
- The CBOE volatility index is up more than 15%.
The main US stock indices They opened sharply lower on Wednesday as safe-haven flows dominate financial markets. Reflecting risk aversion, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is up 17.75% on the day to 25.13.
At time of writing, the Dow Jones Industrial Average was down 1.25% to 33,640, the S&P 500 was down 1.4% to 4,070, and the Nasdaq Composite was down 1.5% to 13,019.
The top 11 sectors of the S&P 500 are trading in negative territory after the opening bell. The Energy Index is shedding 2.2% as the largest percentage drop, pressured by a 3% drop seen in US crude prices. Additionally, the Risk Sensitive Technology Index is down 1.5%.
S&P 500 chart (daily)
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