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Apex Trader Funding - News

VIX Spikes 8% As Stocks Sink; Bonds, Gold Rise On Growth Concerns; Meme Stocks Roar, Peso Plummets: What's Driving Markets Monday?

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity. In May, the ISM Manufacturing PMI dropped to 48.7, marking a faster-than-expected contraction. This follows a bleak Chicago PMI report on Friday, which indicated the worst sentiment since May 2020. The CBOE Volatility Index (VIX), known as the market fear gauge, surged by 9% on a day marred by temporary technical glitches affecting several NYSE-listed stocks, including Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) and Chipotle Mexican Grill Inc. (NYSE:CMG). At 12:40 p.m. in New York, the Nasdaq 100 index was down 0.5%, eyeing its fourth consecutive session of declines, potentially marking its longest losing streak since early January 2024. The Dow Jones Industrial Average underperformed tech-heavy indices due to sharp losses in the energy and industrials sectors, weighing down the blue-chip index. Treasury yields fell nearly 10 basis points, marking the highest one-day decline in yields since ...