Stocks Ended Sharply Lower, Dow Tumbled over 330

U.S. stocks ended sharply lower on Monday, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares. The Dow Jones Industrial Average fell 335.60 points, or 1.35%, to 24,610.91. The S&P 500 lost 39.09 points, or 1.42%, to 2,712.92. the Nasdaq Composite dropped 137.74 points, or 1.84%, to 7,344.24.

Oil ended lower Monday, with U.S. prices tracking steep losses in the stock market and giving back nearly all of last week’s gains. April West Texas Intermediate crude fell by 28 cents, or 0.4%, to settle at $62.06 a barrel. May Brent crude fell 16 cents, or 0.2%, to $66.05 a barrel.

Shares of Facebook Inc. (FB) posted their worst daily drop in about four years amid concerns about how the social-media giant managed user data. The company’s shares finished down about 6.8% on Monday at $172.56, with the stock logging its steepest one-day decline since March 26, 2014.

Federal Reserve Chair Jerome Powell’s Fed is widely expected to raise U.S. interest rates this week and signal that the central bank will raise rates more times in 2018 than it called for last year.