Major US Stock Indexes Fall Amid Investor Concerns
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US stock markets closed lower on Tuesday as investors grew concerned about high share prices. The decline affected all three major indexes.
The Dow Jones Industrial Average dropped 1.07%. The technology-focused Nasdaq Composite fell 1.21%, and the broader S&P 500 index lost 0.83%.
This market unease caused a sharp rise in the CBOE Volatility Index (VIX). Often called the "fear index," the VIX measures expected market turbulence. It surged by 10.32%, indicating that traders anticipate more significant price swings in the near future.