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The US VIX Volatility Index surges 47% to 24.44, the highest level since April 7.

Odaily Planet Daily reports, according to MSX.COM data, volatility in the U.S. stock market has risen significantly, with the S&P 500 Volatility Index (VIX) at 24.44, surging 7.83 points, or 47.14%, and reaching a intraday high of 24.44—the highest level since April 7. Meanwhile, all three major U.S. stock indices declined: the Dow Jones fell 1.50%, the S&P 500 dropped 2.65%, and the Nasdaq Composite slid 4.25%.

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