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VXX - The Big Winners in Today's Stock Market Crash
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The stock market broke down on Thursday, sending major benchmarks sharply lower. Market participants seemed to lose the confidence they'd built up over the past several weeks, as recent economic data cast doubt on whether a recovery is really in the cards.
Even though markets didn't respond immediately to the Federal Reserve's policy statement Wednesday afternoon, further contemplation seemed to make investors more bearish about the immediate future. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite(NASDAQINDEX: ^IXIC) all suffered immense declines.