The Nasdaq Composite was sinking on Monday as the stock market’s fear gauge spiked again to start the week.
The tech-heavy index sank 3.5% in Monday morning trading. The S&P 500 was down 1.9%. The Dow was down 316 points, or 0.7%.
The CBOE Volatility Index, or VIX, jumped 15% to 27 on Monday. That would be its highest close since Dec. 18, when it was at 27.62. A reading north of 25 generally reflects fear trickling through markets. A reading north of 30 would signal investors are scared.