By John Towfighi
Publication Date: 2025-11-17 19:50:00
New York
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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 closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%.
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.
Stocks fell on Monday as investors’ nerves intensified ahead of two key events this week: Nvidia (NVDA), the star of the artificial intelligence boom, is set to report earnings on Wednesday. And on Thursday, the September jobs report — long delayed because of the government shutdown — is set to be released.
These two events will provide more insight about the issues that are “top of mind” for Wall Street, according to José Torres, senior economist at Interactive Brokers.
Tech stocks have come under pressure this month as concerns linger about expensive valuations and enormous spending plans by big tech companies. The tech-heavy Nasdaq is down almost 5.5% since hitting a record high in late October.
Investors are trying to discern whether the AI trade is on stable foundations, and whether the Federal Reserve will pause its interest rate-cutting cycle at its policy…