Stocks Ended Sharply Lower amid Tech Selloff, Trade Fears

U.S. stocks end sharply lower on Monday, as investors fled technology stocks and trade war fears were stoked anew. The Dow Jones Industrial Average shed 458.92 points, or 1.90%, to 23,644.19. The S&P 500 declined 58.99 points, or 2.23%, to 2,581.88. The Nasdaq Composite fell 193.33 points, or 2.74%, to 6,870.12.

U.S. traded crude-oil futures settled sharply lower on Monday, booking their steepest one-session decline since Feb. 9, when it fell 3.2%, according to FactSet data. May West Texas Intermediate crude trading on the New York Mercantile Exchange CLK8, -2.73% settled off $1.93, or 3%, at 63.01 a barrel.

Trump increased his attack on Amazon’s business practices on Saturday, tweeting how the U.S. Postal Service loses money each time it delivers an Amazon package, a statement that others have contradicted. Amazon fell 4.6% on Monday.