VIX Jumps 19% as Losses Worsen Below Surface of S&P 500: Options
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While two weeks of selling look like a blip on a chart of the Standard & Poor’s 500 Index, for the average investor it’s been a lot more painful.
Amazon.com Inc., Whole Foods Market Inc. and Transocean Ltd. are among 43 companies that have lost more than 20 percent from their 52-week high, data compiled by Bloomberg show. The average stock is down 9 percent from its most recent peak, according to Bespoke Investment Group LLC. Concern that the drop will worsen pushed the VIX to its biggest gain in three weeks.