The Dow Jones Industrial Average (^DJI) sank by an astounding 1,033 points in Monday's market sell-off, led by the tech-heavy Nasdaq Composite's (^IXIC) own 3.43% decline. Yahoo Finance markets reporter Josh Schafer explains the perfect storm of market conditions that led to broad-based selling and heightened volatility (^VIX), including July's disappointing jobs figures and the rotation out of Big Tech names.

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This post was written by Luke Carberry Mogan.