Big Tech Fell Today and VIX, the Fear Index Jumped 7%
@koolgal:
🌟🌟🌟Stocks fell today in the US largely due to a drop in Big Tech Stocks. VIX, the Fear index jumped 7%, rising off its lowest level since January 2020. The Dow Jones Index is down 0.8%, S&P 500 is also down 1.2%. Tech heavy Nasdaq 100 Index is down 1.6%. All 3 indexes registered their worst day since August 24, 2023. Information Technology was the worst performing sector in the S&P500, down nearly 2%. Adobe shares fell more than 4% even after it posted better than expected results. AI Stocks also slumped - $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$ $Amazon.