Tech Stocks Lead Dow Jones Industrial Average To Largest Drop In Almost Two Years
Stocks across the board fell on Monday due to concerns about a weakening US economy. The Dow dropped 2.6% while the S&P 500 and Nasdaq Composite also saw significant losses. Tech stocks, such as Intel and Apple, were among the biggest losers. Japanese stocks also saw a major decline, and oil prices fell as well. Traders are expecting the Fed to cut rates by half a point in September.