Stocks plummeted on Monday, with major indexes like the Dow, S&P five hundred, and Nasdaq all falling by over one percent. This decline coincides with investors anticipation of key economic reports, including Nvidias earnings release and the September jobs report. The VIX, a measure of market fear, surged fifteen percent, reflecting heightened investor anxiety.The cryptocurrency market also suffered, with Bitcoin losing significant value and falling below ninety-two thousand dollars. This drop follows a period of rapid growth, with Bitcoin having dropped over twenty-five percent in just six weeks after reaching a record high above one hundred twenty-six thousand dollars in early October.Market nervousness is partly due to a shift in investor sentiment regarding potential interest rate cuts. Traders now estimate a forty-five percent chance of a December rate cut, a stark contrast to the ninety-four percent probability estimated just one month ago.Tech and crypto-related stocks led the markets decline, with Coinbase shares falling by eight percent. Both the S&P five hundred and Nasdaq dipped below their fifty-day moving averages, a key indicator of market support.All eyes are on Nvidias earnings report, expected on Wednesday, which is considered a major market mover, especially given the recent struggles in the artificial intelligence sector. While the monthly jobs report would normally dominate the economic calendar, Nvidias performance is now a crucial piece of the markets momentum puzzle.

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