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Tech Stocks Pull Nasdaq Composite Down More Than 2%

Provided by Dow Jones By Caitlin Ostroff and Julia Carpenter Technology and other growth stocks tumbled Monday, with major indexes closing at session lows, after the S&P 500 and Dow Jones Industrial Average ended last week at records. The S&P 500 dropped 44.17 points, or 1%, to 4188.43 after closing Friday at its 26th record of the year. The Nasdaq Composite fell 350.38 points, or 2.5%, to 13401.86. The Dow lost 34.94 points, or 0.1%, to 34742.82 after rising more than 300 points earlier in the session and briefly crossing the 35000 milestone for the first time. Shares of semiconductor companies were among the biggest decliners. Align Technology, Lam Research, Qorvo and Qualcomm fell more than 6%. Big tech stocks also came under pressure: Tesla dropped 6.4% and Facebook fell 4.2%.

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