The Dow was down 833 points, S&P 500 fell 3.1%, and Nasdaq dropped over 3.6% due to global selloff and worries about U.S. economy from Friday's jobs report and economic indicators.
Tech stocks like Nvidia and Tesla plunged, with investors panic-selling tech, oil, and crypto stocks, signaling fear in the market.
Traders are betting on an emergency rate cut by the Fed this or next week, a rare move outside scheduled meetings, emphasizing the current market uncertainty.
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