On Friday, the VIX jumped?31.74% to its great one-day percentage rise since April’s Boston Marathon bombing, reported MarketWatch.
For the day, the VIX closed at 18.14, up 4.37 (31.74%). The last time the it saw such a big one-day jump came on April 15, 2013 when it rose 43% to 17.27. Friday’s rise came as the Dow Jones Industrial Average?(DJIA) fell 318.24?points (2%) to 15,879.11.
It had a 3.5 percent weekly decline–its worst one since November 2011. From the end of 2013, the Dow is now down 4.2 percent.
The S&P 500 Index (SPX) didn’t fare much better as it fell?38.17 points (2.1%) for the day to 1,790.29; it was down 2.6% on the week–the worst since June 2012.
The?Nasdaq?(COMP) dropped?90.7 points (2.2%) to 4,128.17, a 1.7 percent weekly fall. It is now off 1.2 percent for the year.
The VIX was another story as it jumped 41% for the week. This represented its greatest weekly rise since the week ending on July 29, 2011.
On another positive note, SPX Weeklys (SPXW) saw two days of record-breaking volumes. It was started on Thursday when daily volume hit an all-time high of?426,955?contracts.
Then by the early afternoon on Friday, volume was more than 460,000 contracts–a new record high. This comes as 2013’s average daily volume for SPXW was?197,126 contracts.?