Wall Street's 'fears gauge' hits the highest level since COVID and the 2008 crash

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Wall Street's 'fears gauge' hits the highest level since COVID and the 2008 crash

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Nearly everything on Wall Street is tumbling Monday as fear about a US recession grow - and the steep sell-off hits 401(K)s. Wall Street's most watched gauge of investor anxiety logged its largest ever daily jump on Monday. The VIX hit the highest level in four years - when it last spiked as Covid shut down the economy. Stocks were off the lows of the day by midday in New York - but still well in the red.
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