S&P 500 VIX Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -3.01%, the Dow Jones Industrials Index ($DOWI) is -2.77%, and the Nasdaq 100 Index ($IUXX) is down -2.33%.
U.S. stock indexes this morning are sharply lower on concern the coronavirus pandemic will worsen. President Trump late Tuesday warned of "a painful two weeks" for Americans as the spread of coronavirus in the U.S. has yet to peak. The model referenced by the White House projects the pandemic could cause as many as 240,000 deaths. Market volatility remains elevated as the coronavirus pandemic continues to expand throughout the world. Confirmed cases of the virus have risen above 873,000 with deaths exceeding 43,000.
Negative comments Tuesday night from Cleveland Fed President Mester also weighed on stocks when she said she expects to see some "very bad" numbers on the economy with U.S. unemployment rising north of 10% due to the coronavirus.
Weakness in European stocks are also undercutting U.S. stock indexes w... Read more