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S&P 500 Declines for Third Consecutive Day as Tech Selloff Deepens

Volatility index VIX surges amid ongoing weakness in U.S. technology stocks, marking the third straight session of losses for the benchmark S&P 500.

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Terms & Concepts
  • VIX (Volatility Index): A measure of market expectations for volatility over the next 30 days, often called the 'fear gauge'.
  • Tech Selloff: A broad decline in technology sector stocks, often due to profit-taking, earnings concerns, or macroeconomic pressures.
  • SPY: An exchange-traded fund (ETF) that tracks the S&P 500 index.