Technology company problems and concerns renewed on Europe debt dragged on weaker stocks Monday. Finance Ministers European approved 110 billion dollars in loans to rescue the Portugal, but have not yet decided on a second rescue of the Greece plan.
Technology companies suffered major losses in trade Monday. Yahoo! Inc. and Amazon.com Inc. has fallen by more than 4%.
The Dow Jones index lost 47.38 points, or 0.4%, to close at 12,548.37.
The standard & poor 500 index has dropped from 8.30 points, or 0.6%, to 1,329.47.
The Nasdaq fell 46.15 or 1.6%, to 2,782.31.
For the year to date:
The Dow Jones index is 970.86, or 8.4%.
The S & P is 71.83, or 5.7%.
The Nasdaq is 129.44, or 4.9%.
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