VIX Jumps 50% Intraday to 24.86 as S&P 500 Falls Over 2.5%

Cointime reports: The CBOE Volatility Index (VIX) rose as much as 50.0% intraday to 24.86, while the S&P 500 dropped more than 2.5%. The sharp move in the equity market’s fear gauge accompanied a broad selloff in US stocks.