The Nasdaq Composite Index tumbled on Monday, turning negative for the year as technology and internet stocks slumped in a steep decline. The index COMP, -2.89% lost 3%, which is set to be its biggest one-day percentage drop since Feb. 8, as well as its sixth daily drop of the past eight sessions. At current levels, the Nasdaq is down 10.2% from a recent peak, according to FactSet data. Technology stocks were the biggest drags of the day; the sector lost 2.6%, with Google-parent Alphabet Inc. GOOGL, -2.71% down 3.1% and Microsoft Corp. MSFT, -3.23% shedding 3.3%. Apple Inc. AAPL, -0.81% was down 1.4%. Also weighing on the group was Amazon.com Inc. AMZN, -5.37% which shed 5% as President Donald Trump continued to tweet against the online retailer. The Dow Jones Industrial Average DJIA, -2.41% fell 2.4% while the S&P 500 SPX, -2.63% was down 2.6%.
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