Market Brief 28 August, 2024

Good evening, investors and traders! Today's market saw a mixed performance, with the S&P 500 Index (GSPC) closing down by -0.58% at 5593.23, while the Nasdaq 100 Index (NDX) experienced a more significant decline of -1.18%, settling at 19351.25. Volatility was a key theme, with the CBOE Volatility Index (VIX) surging by 8.5%, indicating heightened uncertainty among investors. The top gainers for the day included Huobi Token (HT) in the crypto market, which soared by 75.96%, and ProShares Ultra VIX Short-Term Futures ETF (UVXY) in the ETF space, which climbed by 8.05%. However, the market also witnessed significant losses, with Super Micro Computer Inc (SMCI) leading the stock market decline with a drop of -19.08%, and Ariva (ARV) in the crypto market plummeting by -30.59%.