Early on Monday, all three major U.S. indexes touched their lowest levels in more than a year, and the CBOE Volatility index breached 60 points, which was its highest level since August 2024. In the afternoon, the volatility index, seen as Wall Street's fear gauge, was at 46.35 points. "On a constructive note, we're still off of the early morning lows," said Michael James, managing director of equity trading at Rosenblatt Securities.