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Stock market volatility tops level seen in financial crisis

trader gesticulating

The CBOE Volatility Index closed Monday at 82.69, besting the prior closing high of 80.86 in November 2008.

Volatility in U.S. stocks surged to a record after benchmark indexes suffered the biggest rout since 1987.

The Cboe Volatility Index ended Monday at 82.69 as the S&P 500 Index tumbled 12%. The fear gauge’s prior closing high was 80.86 on Nov. 20, 2008, after lawmakers postponed a vote on a

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