Stocks closed sharply lower Monday, pulling the Dow Jones Industrial Average down 600 points.
Technology stocks led the broad market slide after a report that suggested Apple cut back orders significantly from a parts supplier rattled investors. Banks also took heavy losses.
The S&P 500 index dropped 54.79 points, or 2 percent, to 2,726.22.
The Dow fell 602.12 points, or 2.3 percent, to 25,387.18.
The Nasdaq composite slid 206.03 points, or 2.8 percent, to 7,200.87.
The Russell 2000 index of smaller companies gave up 30.70 points, or 2 percent, to 1,518.79.
For the year:
The S&P 500 is up 52.61 points, or 2 percent.
The Dow is up 667.96 points, or 2.7 percent.
The Nasdaq is up 297.48 points, or 4.3 percent.
The Russell 2000 is down 16.72 points, or 1.1 percent.