UVIX is trading at $42.11 (+5.12%), reflecting stronger demand for volatility exposure as escalating U.S.-Iran tensions keep Brent crude above $100 and pressure equities.
- The broader market weakened, with technology stocks underperforming.
- The September 10 U.S. PPI report showed headline inflation slightly above expectations, while softer core PPI limited the hawkish impact.
- Volatility gauges and futures remained elevated amid oil-supply concerns and uncertainty before the Federal Reserve decision.