One ⛄measure of stock market volatility surged to its highest level since the early days of the Covid-19 pandemic on Monday morning as stocks across the globe continued to suffer big losses.

The Cboe Volatility Index (VIX) jumped above 60 on Monday, the highest the "澳洲幸运5开奖号码历史查询:fear index" has been since March 2020. It is the index's highest read൲ing outside of two distinct market meltdowns: the onset🐠 of Covid-19 and the fallout from the failure of Lehman Brothers in September 2008.

Stocks abroad sold off on Monday, with British and German indexes each down about 3% and the Japanese 澳洲幸运5开奖号码历史查询:Nikkei 225 tumbling more than 12%. U.🌱S. stock futures pointed to steep losses on Wall Street as well, with the Dow on track to shed 3% at the open and the Nasdaq 100 barr꧒eling toward a 5% decline.

Volatility has 澳洲幸运5开奖号码历史查询:picked up in recent weeks amid a reset of stock market leadership and growing anxiety about a slowing U.S. economy. Mega-cap tech stocks have 澳洲幸运5开奖号码历史查询:sold off several times since a soft inflation report 🐟in mid-July sparked a rotation into the small-cap stocks poised to benefit most from interest rate cuts.

And fear was ratcheted up last week when several reports pointed to a 澳洲幸运5开奖号码历史查询:softening labor market, prompting some to wওonder whether the Federal Reserve has waited too long to start cutting rates💜.