Stocks Ended Lower, Dragged by Tech

U.S. stocks closed lower on Monday, with technology shares leading major benchmarks to their second straight losing session. The Dow Jones Industrial shed 84.10 points, or 0.33%, to 25,679.90. The S&P fell 19.30 points, or 0.67%, to 2,840.23. The Nasdaq Composite retreated 113.91 points, or 1.46%, to 7,702.38.

Oil settled on a mixed note Monday, with U.S. crude gaining for the session but global benchmark prices giving up an earlier rise to finish lower. West Texas Intermediate crude for June delivery climbed 34 cents, or 0.5%, to settle at $63.10 a barrel. July Brent edged down by 24 cents, or 0.3%, to end at $71.97 a barrel.

In another escalation of the trade war between the U.S. and China, the U.S. put Huawei and 26 of its affiliates on an export blacklist last week that went into effect on Friday.Tech giant Alphabet (GOOGL) has reportedly halted most business with Huawei, according to Reuters. Shares of the tech ETF, XLK, tumbled nearly 2%, as Alphabet, Facebook (FB), Amazon (AMZN) took big hits.

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