VIX Spiked Nearly 70%: What History Says for the S&P 500 - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)

Benzinga · Piero Cingari · 2026-11-06 15:37 UTC

The VIX jumped 69.7% Thursday, its third-largest gain since 1990. After past spikes, the S&P 500 and SPY rose a month later nine times out of 10.

Wall Street’s fear gauge has jumped 50% or more in a single session just 10 times since 1990.

In nine of them, the S&P 500 was higher one month later.

On Thursday, the CBOE Volatility Index, or VIX, jumped 69.66% to 28.18 from 16.61. It was the third-largest one-day percentage gain since 1990, behind only Feb. 5, 2018 (+117.48%) and Dec. 18, 2024 (+74.04%).

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