Stock Market Volatility Gauges Spike Again as S&P Swings Wildly

Stock market volatility hit new levels Tuesday, with the Cboe Volatility Index swinging more than 20 points for a second straight session.

Wall Street’s “fear gauge” closed at 52.24, the highest since April 2020, as the S&P 500 index reversed an early 4.1% gain to end 1.6% lower on growing concern that Trump administration’s tariffs will send the US economy into a recession.