Investing.com
- US stocks saw deep losses Monday as President Donald Trump continued to publicly criticize Amazon, and his administration prepares to roll out China-specific tariffs.
- Technology, consumer discretionary, and energy stocks led major indexes lower.
- Follow the $4.
US stocks tumbled Monday as President $4 doubled down on his criticism of $4, sending technology and consumer discretionary stocks lower.
The selling also comes ahead of the Trump administration's $4 this week the list of Chinese imports targeted for $4. The list of $50-60 billion worth of annual imports is expected to target "largely high-technology" products.
The more tech-heavy $4 - which has been a lightning rod for market $4 in recent weeks - plummeted as much as 3.3% to lead all major US indexes. Meanwhile, the benchmark $4 dropped as much as 2%, and the 30-company $4 slid more than 2.1% at one point.
Among the technology firms worst hit were chipmakers, including $4, $4, $4, $4, and $4, which all dropped at least 3.7%. Note that due to their position in supply chain, these firms are more vulnerable to geopolitical turmoil, particularly as it pertains to China.
Mega-cap technology companies also took a dive as the $4 - which includes the traditional FANG group (Facebook, Amazon, Netflix and Google) plus six other massive global firms - decreased 4.2%. Amazon, $4, and $4
Tech sector woes are mounting at a time when it seems $4 for the industry. Netflix shares are $4 in the wake of a recent data breach, while Tesla is $4 ahead of its quarterly production update for the Model 3 sedan.
Check out Business Insider's in-depth coverage of the market's recent turbulence:
Elsewhere in global equity markets, the $4 lost 0.2% after climbing as much as 0.7% in early trading, while the $4 increased 0.4%.
In the bond market, the $4 rose 7 basis points to 2.74%, inching closer to the key 3% level that traders are $4. Bank of America Merrill Lynch has said in the past that a $4 in the medium to long term.
Here's a rundown of other asset classes: