VIX Spikes to Highest Since June With Economy Threat Growing
- Record virus cases, Europe lockdowns reignite recession fears
- That concern could keep volatility high after U.S. election
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Volatility gripped financial markets with the coronavirus surging in the U.S. just days ahead of a crucial presidential election.
The Cboe Volatility Index, or VIX, surged to its highest level since mid-June as record virus cases, harsher lockdowns in Europe and a slowing U.S. labor-market recovery renewed fears of a deeper recession. Tensions had already been high with less than a week before the U.S. vote.