Stocks closed sharply lower on Wall Street Monday, handing the S&P 500 its worst day in a month and knocking 650 points off the Dow Jones Industrial Average.
Technology companies drove much of the broad sell-off, though losses in communications services, financial and industrial stocks also helped weigh down the market. Energy stocks dropped in tandem with crude oil prices.
The selling came amid a surge in coronavirus cases and worries that help for the economy from Washington remains nowhere in sight.
The S&P 500 fell 64.42 points, or 1.9%, to 3,400.97.
The Dow Jones Industrial Average slumped 650.19 points, or 2.3%, to 27,685.38.
The Nasdaq composite lost 189.34 points, or 1.6%, to 11,358.94.
The Russell 2000 small-cap index gave up 35.29 points, or 2.2%, to 1,605.21.
For the year:
The S&P 500 is up 170.19 points, or 5.3%.
The Dow is down 853.06 points, or 3%.
The Nasdaq is up 2,386.33 points, or 26.6%.
The Russell 2000 is down 63.26 points, or 3.8%.