The VS TR 2x Long VIX Futures ETF (UVIX) surged 13.37% to close at $3.90 on January 10, 2025, as market volatility spiked following the release of unexpectedly strong U.S. jobs data. The U.S. Labor Department reported a robust addition of 256,000 jobs in December, far exceeding the forecasted 155,000, which has intensified speculation about the Federal Reserve's interest rate trajectory. This has led to a sell-off in equities, with major indices like the Dow Jones and S&P 500 declining, while Treasury yields have risen sharply. The volatility index (^VVIX), which UVIX tracks, climbed 11.43% to 115.81, reflecting heightened market uncertainty. The Cboe Volatility Index (VIX) also rose over 7% to around 19, as investors grappled with the implications of the labor market's strength on future monetary policy.