UVIX is trading at $37.78, up 3.37%, as front-month VIX futures rose 2.16% overnight, a direct tailwind but not proof of the move.

  • Nasdaq-100 futures fell about 1.3% after Alphabet’s earnings miss revived worries about AI spending and weighed on technology shares.
  • The Fed’s 10–2 hold and two calls for a rate hike kept inflation and policy uncertainty in focus; spot VIX eased after the Fed decision. GDP and PCE releases due at 8:30 a.m. add near-term event risk.