VIX Surges 70% as 'Magnificent Seven' Sheds Billions in Wall Street Selloff

The VIX spiked up to 70% intraday, the largest daily percentage jump in nearly two years, signaling a sharp repricing of risk. The 'Magnificent Seven' tech giants collectively lost billions in market value, indicating a broad risk-off move. The trigger is unclear, but the magnitude suggests a potential systemic shock or a major policy surprise.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works