The Market Gauge of Tech Fear Keeps Rising
Will Facebook Fallout Spread to FANG Stocks?
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Rougher seas lie ahead for technology stocks, according to trading in the derivatives market.
The Cboe NDX Volatility Index, which measures the implied volatility of the Nasdaq 100 Index and goes by the symbol VXN, climbed for a second day on Tuesday -- to as high as 23.51, compared with Friday’s close at 17.64. Meanwhile, the underlying gauge, which has a more than 60 percent weighting in technology stocks, pared some of Monday’s 2.2 percent decline.