Yolaiki Gonzalez is a Market Data Analyst at CNBC.
The CBOE Volatility Index (VIX), the stock market’s gauge of investors’ fears soared 35% yesterday and closed above 31 to its highest level in more than a year or since July 1, 2010. We are definitely observing some wild times on Wall St amidst new economic worries worldwide. Here is a useful tool to help measure the volatility, and risk, of individual stocks: Beta.
The S&P recorded today its longest daily consecutive drop since the six-day ended losing streak of February 23rd, 2009. The last time that the S&P and Dow were down for six straight days in a row at the start of a month simultaneously was on October 8th, 2008, at the height of the financial crisis.
US stocks are on track to finish this week with their worst percent weekly decline since August 13, 2010. For the month and for the year, however, they continue to be in positive territory.