Dow Falls 400 Points as JPMorgan Shares Drop After Weak Earnings
The U.S. stock market saw sharp declines, with the Dow Jones Industrial Average losing 400 points and the VIX (volatility index) rising, following JPMorgan's disappointing earnings report.
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Terms & Concepts
VIX (volatility index): A measure of market expectations for near-term volatility, often referred to as the 'fear gauge'.
Dow Jones Industrial Average: A stock market index tracking 30 major U.S. companies, often used to gauge overall market performance.
Earnings Report: A company's quarterly or annual financial statement detailing its profitability, revenue, and expenses.