'Old School Summer Risk-Off:' VIX Up Over 50%, Nasdaq 100 Enters Correction, Chipmakers Officially In Bear Market; Small Caps Tumble SOXX ETF, Nasdaq 100, Signature Bank, Bank of America, Federal Reserve, July jobs report, Nonfarm payrolls, Michael Hartnett, Mohamed El-Erian, Unemployment rate, Russell 2000 index, Silicon Valley Bank, Semiconductor industry, iShares Russell 2000 ETF, CBOE Volatility Index (VIX) - by https://www.benzinga.com/

AI Insights:

Simple Explanation:

A big index called the VIX that shows how scared people are of the stock market went up a lot on Friday because people were worried about the economy and jobs. This made stock prices go down a lot, especially for technology companies and small companies. Some people think the Federal Reserve might have to lower interest rates to help the economy. Read from source...

Sentiment Analysis:

Negative
Article's Main Points:
- The CBOE Volatility Index (VIX) surged over 50% as risk-off sentiment dominated the markets.
- The Nasdaq 100 and the semiconductor industry entered a bear market.
- The Russell 2000 index of small caps experienced its worst two-day selloff since June 2022.
- The July jobs report confirmed fears of a weakening U.S. economy, with nonfarm payrolls slowing and the unemployment rate rising.
- Analysts and economists are calling for the Federal Reserve to cut rates by 50 basis points.

Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.

- Equities (U.S., international, small cap, large cap, ETFs, sectors)
- Macro Economic Events
- Broad U.S. Equity ETFs
- Small Cap
- Econ #s
- Top Stories
- Economics
- Federal Reserve
- Tech
- ETFs
- Expert Ideas
- Michael Hartnett
- Mohamed El Erian
- Pro Projects
- Semiconductors
- Stories That Matter
- Benzinga simplifies the market for smarter investing
- Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
- Join Now: Free!
- Already a member? Sign in
- Benzinga.com on devices

AI Insights:

Simple Explanation:

Sentiment Analysis:

Investment Analysis: We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.

Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.