The US stock market saw a significant sell-off, with the "fear index" hitting a three-month high.
On Wednesday, the heavy selling of US stocks drove Wall Street's most watched market volatility index to a three-month high and boosted options trading volume, although strategists saw few signs of panic. Disappointing earnings reports from Tesla and Alphabet prompted investors to question the sustainability of the 2024 rebound driven by large technology companies and artificial intelligence. As the stock market plummeted, the Chicago Board Options Exchange Volatility Index (VIX) (Wall Street's fear gauge) rose to 18.46, the highest level since the end of April. Trade Alert data shows that VIX options were
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