VIX Volatility Index Surges 69% as Nasdaq Enters Technical Correction

Key Facts

The VIX volatility index surged 69% in its largest one-day move since April, according to Investing.com. The Nasdaq Composite officially entered technical correction territory amid a broad Wall Street sell-off, falling 10% from its recent highs.

Intensifying market anxiety led to a sharp increase in volatility and a significant drawdown in technology stocks. This technical milestone coincided with U.S. data showing initial jobless claims fell to 189,000 on November 5, 2026, down from the previous 195,000.

The market is now focused on the upcoming U.S. Nonfarm Payrolls report scheduled for November 6, 2026, with forecasts expecting an addition of 65,000 jobs. Federal Reserve officials, including Williams and Bowman, are also slated to deliver speeches on the same day.