A selloff in Fb inventory and different massive expertise corporations rippled by the market, pushing main U.S. indexes towards steep declines to start out the week.
Shares opened with delicate declines earlier than losses shortly accelerated. The S&P 500 dropped 1.5%. The broad index closed final week down 2.2%. The tech-heavy Nasdaq Composite Index declined round 2.4%. The Dow Jones Industrial Common misplaced round 380 factors, or 1.1%.