US equity markets closed lower on Monday, with the Nasdaq Composite falling 1.32% to 26,166.60 and the S&P 500 dropping 0.37% to 7,472.79.
Selling pressure in large-cap technology stocks overwhelmed broader market resilience, with Alphabet leading the decline among megacap names.
79 points, reflecting a market where growth stocks faced headwinds while other sectors showed relative stability.
Investors also kept a close watch on developments regarding Iran, adding to the cautious sentiment.
The tech-heavy Nasdaq bore the brunt of the sell-off, shedding 351.33 points in the session.
The broader S&P 500 lost 27.79 points, reflecting a market where growth stocks faced headwinds while other sectors showed relative stability.
The divergence highlights the continued sensitivity of high-valuation tech names to shifting risk appetites.