Stocks closed broadly lower Monday, led by declines in technology companies.
Energy stocks also declined as crude oil prices fell. Bond yields rose, weighing on utilities and other bond proxies. The market's slide handed the Standard & Poor's 500 index its biggest loss in more than four months and pulled the major indexes modestly below their recent record highs.
The S&P 500 index fell 19.34 points, or 0.7 percent, to 2,853.53.
The Dow Jones industrial average slid 177.23 points, or 0.7 percent, to 26,439.48.
The Nasdaq composite lost 39.27 points, or 0.5 percent, to 7,466.51.
The Russell 2000 index of smaller-company stocks gave up 9.95 points, or 0.6 percent, to 1,598.11.
For the year:
The S&P 500 is up 179.92 points, or 6.7 percent.
The Dow is up 1,720.26 points, 7 percent.
The Nasdaq is up 563.11 points, or 8.2 percent.
The Russell 2000 is up 62.60 points, or 4.1 percent.