The CBOE Volatility Index (VIX) has surged to its highest level in over three weeks, reaching 20.1% above $20. The index, which measures market volatility, spiked by 2.8 points to 19.53 and continued to rise, reflecting increased market uncertainty. The VIX is up 23%. This surge comes amid broader market declines, with the Dow Jones Industrial Average (DIA) down 0.74%, the S&P 500 (SPY) down 1.32%, and the Nasdaq 100 (QQQ) down 2.15%.