Market volatility surges as banks remain under pressure -…

Market volatility surges as banks remain under pressure -…

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The S&P 500 fell on Monday as investors remained worried about contagion from the collapse of SVB Finance Group SIVB.

Investors will be keeping an eye on the CPI data due today and the PPI data due Wednesday. The Federal Reserve is due to announce its monetary policy decision next week, with traders largely expecting the central bank to hike 25 basis points.

Major sectors of the S&P 500 ended mixed, with real estate and utility stocks posting the biggest gains on Monday. However, energy and financials stocks ended significantly lower during the session.

The Nasdaq 100 rose 0.79% to close at 11,923.17 on Monday amid gains apple inc AAPL And Amazon.com, Inc. AMZN.

The S&P 500 fell 0.15% while the Dow Jones fell 0.28% to 31,819.14 in the previous session.

The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) rose 9.2% to 27.09 points Monday after hitting 30.81, its highest since late October.

What is the CBOE Volatility Index?

The CBOE Volatility Index, popularly known as the VIX, is a measure of the stock market’s expectation of volatility based on the call and put of the S&P 500 index options.

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