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.
Chewy shares surged 13.4% to $19.18 after the pet supplies e-commerce retailer reported impressive Q1 2024 results. The company announced a $500 million share repurchase program.