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Nasdaq Falls 2% as Tech Selloff Drives S&P 500 Down 1%

U.S. stock markets saw sharp declines with volatility surging, as the Nasdaq dropped 2%, S&P 500 slid 1%, and VIX (volatility index) jumped 17%.

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Terms & Concepts
  • VIX (volatility index): A measure of market expectations for near-term volatility conveyed by S&P 500 index option prices.