US stocks fell precipitously On Monday, the Dow, S&P 500 and Nasdaq were all down at the opening bell due to a global sell-off and heightened concerns about the US economy after Friday's jobs report and other economic indicators.

Dow it was down 833 points as of press time, with the S&P 500 down 3.1% and the Nasdaq down over 3.6%.

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Japanese stocks fell 12% on Monday, reportedly the country's worst day since 1987 during Wall Street's “Black Moon.”

The panic was created from last Friday work reportshowing that the US unemployment rate was 4.1% in June, which economists said should point to a Fed rate cut in September.

Technology stocks have fell hardwith Nvidia at 5% and Tesla at 5.8%.

Investors have been panic-selling tech, oil and crypto stocks amid fears. If the NYSE index falls by 7%, it may cause a trading halt.

Bloomberg REPORTS Traders are betting that an emergency rate cut will happen this week or next, something the Fed rarely does outside of scheduled meetings.

This is a developing story.