US equity markets closed lower on Monday, with the Nasdaq Composite and S&P 500 retreating as selling pressure in large-cap technology stocks overwhelmed broader market resilience.
The decline was driven by losses among semiconductor names, which tumbled in session, while biotech firm Moderna rallied on separate developments.
4%, underscoring the breadth of the sell-off beyond just the tech-heavy Nasdaq.
The Dow Jones Industrial Average also slipped, closing down 0.09% to 51,876.11 points.
The Nasdaq Composite fell 1.32% to 26,166.60, reflecting the heavy weight of tech losses on the index.
The S&P 500 dropped 0.4%, underscoring the breadth of the sell-off beyond just the tech-heavy Nasdaq.
This divergence highlights the continued sensitivity of growth-oriented sectors to shifting market sentiment, even as other parts of the market show relative stability.