U.S. stocks fell sharply on Monday, with major indexes falling to session lows and the Nasdaq down 2% in a decline that was largely attributable to a massive drop in Facebook shares. The Dow Jones Industrial Average DJIA, -1.55% fell 1.2% while the S&P 500 SPX, -1.65% lost 1.4%. The Nasdaq Composite Index COMP, -2.28% was down 2.1%, on track for its biggest one-day decline since Feb. 8. The Nasdaq 100 NDX, -2.61% which has a higher concentration to large-capitalization stocks like Facebook, was down 2.5% and set for its fifth straight daily drop. Facebook FB, -6.82% tumbled 7.8%, its biggest one-day drop since September 2012. The stock came under heavy selling pressure over how it manages third-party access to its users' information, after saying a firm with ties to the 2016 Trump campaign improperly kept member data for years despite saying it had destroyed those records. While technology was the biggest decliner on the day, losing 2.7%, the day's losses were broad. All 11 of the primary S&P 500 sectors were lower on the day.
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