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Wall Street Skids on Trade Jitters With Tech Stocks Leading Losses

Wall Street sank on Monday, with the information technology sector leading widespread losses as renewed worries about global trade hit the year's best-performing group, sending the Nasdaq Composite to the lowest level of June.

Trade-sensitive stocks including Boeing ( BA ) and Caterpillar ( CAT ) were among the steepest decliners on the Dow Jones Industrial Average, which hit the lowest in about seven weeks on a closing basis, while tech names including Intel ( INTC ) and Microsoft ( MSFT ) joined in the selloff. The markets came off the day's lows late in the session but were still firmly in the red.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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