U.S. stocks opened lower on Monday as a strong year for the market appeared poised to end on a disappointing note. The S&P 500 fell 1.3% in early trading, while the Dow Jones Industrial Average dropped 534 points, or 1.2%, and the Nasdaq composite declined 1.5%. Declines in Big Tech companies like Apple and Microsoft contributed to the market's downturn.
Boeing shares also fell after one of its jets skidded off a runway in South Korea, resulting in the deaths of 179 out of 181 passengers on board. Despite the losses, the S&P 500 is still on track for its second consecutive yearly gain of over 20%
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