Stocks plunge as weak jobs report, tech woes rattle Wall Street

Stocks plunged Monday morning as mounting concerns about the strength of the U.S. economy and the outlook for microchip production shook Wall Street.

The Dow Jones Industrial Average opened with a loss of 1,100 points Monday, plunging 2.8 percent after the opening bell. Dow futures tumbled more than 1,200 points before the market opened Monday.

The tech-heavy Nasdaq composite plunged 6.2 percent and the S&P 500 index sank 4.2 percent after the market opened.

“The...