The Cboe Volatility Index (VIX) hit its intraday high since April, with the US S&P 500 down 2.5% to 7,527 points. The sell-off in stocks that began due to weak financial reports from technology companies has spread to the broader market, leading to an increase in investor demand for risk hedging instruments, reports Bloomberg.

The Cboe Volatility Index (VIX) hit its intraday high since April, with the US S&P 500 down 2.5% to 7,527 points. The sell-off in stocks that began due to weak financial reports from technology companies has spread to the broader market, leading to an increase in investor demand for risk hedging instruments, reports Bloomberg.