U.S. stocks tumbled on Monday as steep losses in some of the biggest tech shares weighed on the market amid global trade tensions.
The Dow Jones Industrial Average decreased 92.55 points, or 0.35 percent, to 26,062.12. The S&P 500 dipped 16.18 points, or 0.56 percent, to 2,888.80. The Nasdaq Composite Index fell 114.25 points, or 1.43 percent, to 7,895.79.
Tech sector ended 1.39 percent lower. Apple stock was among the biggest laggard. Shares of the iPhone maker slid 2.66 percent at the close amid fears that it could be caught if the U.S.-China trade tensions intensified. China is one of Apple's biggest markets. The tech giant said earlier this month that U.S. tariffs on Chinese goods could hurt its business.
Shares of U.S. e-commerce giant Amazon and streaming services provider Netflix dropped 3.16 percent and 3.9 percent, respectively, at market closing.
Shares of Boeing, a company with high overseas revenue exposure, declined more than 1 percent, while Caterpillar, another trade-sensitive stock, rose 0.91 percent.
Fears of the escalation of trade tensions reignited especially after reports over the weekend that the United States will pursue further international tariffs, experts noted.
