Following the lackluster performance seen last Friday, U.S. stocks showed a significant move to the downside during trading on Monday. The major averages regained ground after an early slump by once again came under pressure going into the close.
The major averages all ended the day firmly in negative territory, with the tech-heavy Nasdaq leading the way lower. While the Nasdaq tumbled 262.71 points or 2.3 percent to 11,372.60, the S&P 500 slumped 44.95 points or 1.2 percent to 3,854.43 and the narrow Dow fell 164.31 points or 0.5 percent to 31,173.84.
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