Stocks Fall, Driven by Facebook, Alphabet and Other Tech Stocks

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A selloff in Facebook stock and shares of other Big Tech companies pushed major U.S. indexes down Monday WSJWhatsNow

A selloff in Facebook stock and other big technology companies rippled through the market, pushing major U.S. indexes toward steep declines to start the week.

Stocks opened with mild declines before losses quickly accelerated. The S&P 500 dropped 1.5%. The broad index closed last week down 2.2%. The tech-heavy Nasdaq Composite Index declined around 2.4%. The Dow Jones Industrial Average lost around 380 points, or 1.1%.

 

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