Volatility surged back into the market on Wednesday, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week, fueled by fresh upticks in Treasury bond yields.
Several airline stocks including Southwest Airlines Co (NYSE:LUV), JetBlue Airways Corp and Spirit Airlines Inc (NYSE:SAVE) are trading lower Wednesday in sympathy with American Airlines Group Inc (NASDAQ:AAL), which fell on revised guidance.