Stocks were lower on Monday as the market awaits for a number of key releases that includes Nvidia earnings and the long-delayed September jobs report. Michael M. Santiago/Getty Images New York —

Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets.

The Dow was down 575 points, or 1.2%. The broader S&P 500 fell 1.15%. The tech-heavy Nasdaq Composite fell 1.2%.

Wall Street’s fear gauge, the VIX, jumped 13%. CNN’s Fear and Greed index traded in “extreme fear” and hit its lowest level since early April.

Tech stocks have come under pressure as concerns linger about expensive valuations and enormous spending plans by Big Tech, according to Mohit Kumar, chief economist and strategist for Europe at Jefferies.

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