All 11 primary S&P 500 sectors trade lower, led by technology [MarketWatch]
Meta Platforms, Inc. - Class A (FB)
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Source: MarketWatch
All 11 primary S&P 500 sectors trade lower, led by technology U.S. stocks fell sharply on Monday, with all 11 of the primary S&P 500 sectors lower on the day. By far the biggest declining group was technology, which fell 1.9% and was on track for its biggest one-day percentage decline since Feb. 8. The day's weakness was principally due to Facebook Inc. FB, -7.07% which fell 6.3% in its biggest one-day drop since March 2014 as it came under heavy selling pressure for how it has managed user data. Among other decliners, energy shares fell 1.3% while the materials sector was down 1.2%. Utility stocks saw the narrowest decline on the day, down 0.1%. The Dow Jones Industrial Average DJIA, -1.18% fell 1% while the S&P 500 SPX, -1.36% shed 1% and the Nasdaq Composite Index COMP, -2.15% was down 1.6%.
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