Volatility is back with a vengeance. Steve Sosnick, Chief Strategist at Interactive Brokers breaks down a turbulent Monday on Wall Street as the S&P 500 slipped for its third straight session, settling at 6,344 — now more than 9% off its recent closing highs. While the Dow managed a slight gain, the Nasdaq bore the brunt of the selling, sliding 0.7% as investors grappled with a "higher-for-longer" reality. Despite Federal Reserve Chair Jerome Powell’s attempts to soothe the market, surging oil prices and a steep 1% drop in the tech sector sent the VIX, Wall Street’s "fear gauge", piercing through the 30 level for the first time in a year.

Produced/Presented: Ryan Huang
Image: leo from pixabay

Volatility is back with a vengeance. Steve Sosnick, Chief Strategist at Interactive Brokers breaks down a turbulent Monday on Wall Street as the S&amp;P 500 slipped for its third straight session, settling at 6,344&nbsp;&mdash; now more than 9% off its recent closing highs. While the Dow managed a slight gain, the Nasdaq bore the brunt of the selling, sliding 0.7% as investors grappled with a "higher-for-longer" reality. Despite Federal Reserve Chair Jerome Powell&rsquo;s attempts to soothe the market, surging oil prices and a steep 1% drop in the tech sector sent the VIX, Wall Street&rsquo;s "fear gauge", piercing through the 30 level for the first time in a year.
Produced/Presented: Ryan Huang Image: leo from pixabay

Enjoy this breakfast show: as you sip on your morning coffee, let notable markets and finance experts help you make sense of the latest movers on Wall Street.

As you sip on your morning coffee, Money FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

As you sip on your morning coffee, Money FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

US Markets Wrap

As you sip on your morning coffee, MONEY FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

As you sip on your morning coffee, MONEY FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.