Stock Market Today: Trade Uncertainty Sparks Whipsaw Session
Mid-October, typically a positive month for the stock market, is experiencing volatility due to trade uncertainty.
Stocks initially rose on strong bank earnings, but then briefly dipped into the red before recovering in the afternoon.
Market participants are cautious due to new tariffs and trade war discussions from the White House.
- The Cboe Volatility Index (VIX) jumped to 22.44 from 20.81 on Tuesday.
- The VIX has risen from 16.43 on October 9, exceeding its normal range of 12-20.
Autor's summary: Volatility hits stock market.