Financials

What is the VIX?

The so-called fear-gauge is used during times of extreme uncertainty for financial markets.

Coronavirus fears batter bank stocks by creating cheap credit

The KBW Bank Index, which includes JPMorgan Chase, Bank of America, Wells Fargo and 21 other banking stocks such as regional giant Truist, has plunged by more than 22 percent over the past two weeks -- twice the decline of the S&P 500.