Stocks on Wall Street took a dive on Tuesday, with significant losses seen by midday in New York as investors opted for safer options amidst rising concerns about overvalued stocks, seasonal challenges, and financial difficulties. The VIXY ETF notably spiked, indicating a spike in volatility. The CBOE Volatility Index (VIX), referred to as the market's "fear gauge," surged by nearly 20% to 19.2, marking its third consecutive increase. The major indices saw declines, with the Nasdaq 100 leading the way with a 1.7% drop. The S&P 500 also fell by 1.4% on the first day of September, a month historically known for market weakness. The Dow experienced a significant decline of over 500 points or 1.1%. Technology stocks were hit hardest, with NVIDIA Corp. seeing a 3.6% drop, heading towards a fourth straight day of losses, the longest since March. Arm Holdings plc sank by 5%, while ASML Holding...For more details, visit Benzinga.com.