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via finance.yahoo.comMarkets

Wall Street sell-off pushes Nasdaq into correction and VIX to 28 after strong payrolls

FROM THE WIRE · FINANCE.YAHOO.COM

Wall Street had a rough week, and the damage came fast. Thursday's sell-off erased $2.3 trillion in market value, pushed the Nasdaq into a correction and sent the VIX, the market's fear gauge, up 70% to 28, Yahoo Finance reported on November 6. A chip-sector index that plunged…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishPayrolls far above consensus raise the risk of rate hikes, weighing on US equities and lifting yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Thursday's sell-off erased 2.3 trillion dollars in market value.
  2. 02The Nasdaq entered a correction and the VIX rose 70% to 28.
  3. 03October payrolls rose by 165,000 versus 65,000 expected.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
S&P 500INDEX:SP500Index7,376.86Market closedtoday +0.31%Negative CBOE Volatility IndexINDEX:VIXIndex25.64Market closedtoday -9.01%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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