The S&P 500 declined for the second consecutive session; Market Volatility Decreases – Novavax (NASDAQ: NVAX), (NASDAQ: AMZN)

The S&P 500 fell for a second session in a row on Wednesday after the release of manufacturing data.

The yield on 10-year notes rose above 4% for the first time since the ISM survey showed US manufacturing activity contracted in February. The ISM Manufacturing PMI increased to 47.7 in February from 47.4 in the previous month.

Novavax, Inc. NVAX Shares plunged nearly 26% on Wednesday after the company reported worse-than-expected Q4 results and said substantial doubt exists about its ability to continue as a going concern.

Most sectors on the S&P 500 closed on a negative note, with utilities and real estate stocks posting the biggest declines on Wednesday. However, energy, materials and industrial stocks gained during the session.

The Nasdaq 100 closed 0.86% lower at 11,938.57 on Wednesday amid gains in stocks., Inc. amzn And Tesla Inc TSLA,

The S&P 500 fell 0.47%, while the Dow Jones rose 0.02% to 32,661.84 in the previous session.

The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 0.6% to 20.58 on Wednesday.

What is the CBOE Volatility Index?

The CBOE Volatility Index, popularly known as the VIX, is a measure of expected equity market volatility based on S&P 500 Index calls and puts. Option,

Read further: Top 5 Tech Stocks That Are Preparing to Pump in March

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