VIX hits highest level since June 2012

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, new Ebola scares and 3Q earnings.

Claman on Call: VIX Hits Highest Level Since June 2012

The bond market may have had the day off, but U.S. stock markets were open and you might say they paid for it dearly. The Dow Jones Industrial Average shaved off more than 220 points -- a large chunk of that happened during the last 45 minutes of trading. And the S&P 500 shed 1.7%, closing below its 200-day moving average and down 7% from its bull-market high. All 10 S&P 500 sectors finished the day in the red, including the safe-haven utilities sector, while the VIX Volatility Index hit its highest level since June 2012.

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Major concern over the growing threat of Ebola and rumors of sick passengers other jets may have been responsible for part of today's late sell-off. That after a 26-year-old Dallas nurse tested positive for the virus after treating Liberian Ebola patient Thomas Duncan, who died last week. Dr. Ashish Jha, professor at the Harvard School of Public Health, joined FBN on Monday to share his tips for the best ways to prevent the virus from spreading in the U.S. as well as explain why you shouldn't be worried for you or your family.

Now, here's what's coming up tomorrow: Bank earnings season kicks into full gear with Citigroup, JP Morgan and Wells Fargo reporting third quarter results before the bell.

Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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