Dow sinks 260 points, Nasdaq, S&P down over 1%

  • Dow sinks 260 points, Nasdaq, S&P down over 1%

    All three of the major stock averages fell on Monday ahead of a basket of large cap tech earnings due during the week, and the Federal Reserve's decision on interest rates, expected on Wednesday. Energy and tech companies paced the drop, while consumer staples held up. In commodities, oil lost over 2% to $77.90 per barrel.

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