U.S. Stocks Plunge, Funds Sell
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volatile marketsReuters
•Volatility-linked funds dump US stocks, exacerbating selloff
77% Informative
Volatility control funds have dumped about $83.6 billion of U.S. equity futures over the last two weeks .
The Nasdaq Composite Index has slipped about 10% from a record high reached last month .
The Cboe Volatility Index stands at its highest level in more than 16 months .
A 1% daily change in the S&P 500 could spur another $15 billion of selling in that period.
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