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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