Shares of several Big Tech companies led the stock market lows on Monday, which pulled major indices below record highs last week
The S&P 500 spent the first half of the day staggering between small gains and losses before slipping. The tech-heavy Nasdaq collapsed as Facebook, Amazon, Apple and Google’s parent company lost ground. The Dow Jones Industrial Average traded at a day’s high but was dipped in red in the final half-hour of trading. Small-company stocks also fared poorly, taking the Russell 2000 index down.
The S&P 500 was down 44.17 points or 1% at 4,188.43.
The Dow Jones Industrial Average was down 34.94, or 0.1%, to 34,742.82.
The Nasdaq fell 350.38 points or 2.5% to 13,401.86 points.
The Russell 2000 index of small companies fell 58.93 points, or 2.6%, to 2,212.70.
For the year:
The S&P 500 is up 432.36 points or 11.5%.
The Dow is 4,136.34 points or 13.5%.
The Nasdaq is up 513.58 points or 4%.
Russell 2000 is 237.84 points or 12%.