Stocks are closing lower Monday as big technology companies such as Apple and Microsoft take losses.
The S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq all fell. Meanwhile, the price of U.S. oil rose to its highest close since 2014, as OPEC and allied oil producers stuck to a plan for cautious production increases even as global demand for crude rises.
The S&P 500 fell 56.58 points, or 1.3%, to 4,300.46.
The Dow Jones Industrial Average fell 323.54 points, or 0.9%, to 34,002.92.
The Nasdaq fell 311.21 points, or 2.1%, to 14,255.48.
The Russell 2000 index of smaller companies fell 24.16 points, or 1.1%, to 2,217.47.
For the year:
The S&P 500 is up 544.39 points, or 14.5%.
The Dow is up 3,396.44 points, or 11.1%.
The Nasdaq is up 1,367.20 points, or 10.6%.
The Russell 2000 is up 242.62 points, or 12.3%.