CNBC: VIX topped 22 as traders see it rising

What happened

CNBC reported on Oct 16, 19:28 UTC that a sell-off in AI-related stocks pushed the VIX above 22. The report said the move put the VIX above that level for the first time in four months. CNBC added that a cluster of trades suggests the index could go even higher, and the headline framed the development as traders seeing it rise further.

Indices market context

As of Oct 16, 19:29 UTC, Finnhub data show the SPY ETF was $762.81 and fell 1.16% from the prior close, the QQQ ETF was $710.30 and fell 2.43% from the prior close, the DIA ETF was $518.37 and fell 0.54% from the prior close, and the IWM ETF was $270.66 and fell 1.61% from the prior close. The EWG ETF was $41.53 and was little changed from the prior close, the EWU ETF was $47.99 and rose 0.48% from the prior close, the EWJ ETF was $94.86 and fell 0.60% from the prior close, and the VIXY ETF was $17.89 and rose 9.09% from the prior close.

Related coverage

Economictimes.indiatimes.com published "US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare." Yahoo ran a piece titled "US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street." Yahoo also published an item headlined "Jamie Dimon Sees 'Higher Chance' of Market Trouble Than Wall Street Does — ‘That Is Not a Prediction,’ but JPMorgan Is Preparing for the Risk."

• Wall Street's fear gauge is ripping. Traders see it going even higher — CNBC, Oct 16, 19:28 UTC
• US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare — economictimes.indiatimes.com, Oct 15, 20:10 UTC
• Jamie Dimon Sees 'Higher Chance' of Market Trouble Than Wall Street Does — ‘That Is Not a Prediction,’ but JPMorgan Is Preparing for the Risk — Yahoo, Oct 15, 21:30 UTC
• Does Paul Tudor Jones Know Something Wall Street Doesn't? The Billionaire Says It's 1999 All Over and That 2027 Is Going to Be 'Really, Really Challenging' for the Market. — Yahoo, Oct 15, 19:50 UTC
• US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street — Yahoo, Oct 16, 09:12 UTC

Sources and data

• CNBC (secondary source) — Wall Street's fear gauge is ripping. Traders see it going even higher
• economictimes.indiatimes.com (secondary source) — US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare
• Yahoo (secondary source) — Jamie Dimon Sees 'Higher Chance' of Market Trouble Than Wall Street Does — ‘That Is Not a Prediction,’ but JPMorgan Is Preparing for the Ris
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• Federal Reserve (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 16, 19:29 UTC; report generated Oct 16, 19:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.