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VIX Spikes 8% As Stocks Sink; Bonds, Gold Rise On Growth Concerns; Meme Stocks Roar, Peso Plummets: What’s Driving Markets Monday?

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity.

AMC

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Spotify Turns Up The Volume On Pricing, Premium Plans See A Hike

Spotify shares surge as the company hiked U.S. premium plan prices. Subscribers will be informed via email about the changes: individual plans rising to $11.99 from $10.99, duo plans to $16.99 from $14.99, and family plans to $19.99 from $16.99. This move aims to boost profit margins amidst competition from Apple and Amazon, focusing on premium services that drive most of Spotify's revenue.

AAPL