Market Update: U.S. Stocks Plunge as Tech Correction Deepens; NEM Leads Tepid Cr

[cryptoupdate]

U.S. stocks extended their slide on Monday, as technology companies entered their deepest correction since 2011. Crypto markets were mostly stable, though the likes of NEM and XRP outperformed.
Stock Selloff Resumes

All of Wall Street’s major opened the week in negative territory, with losses extending to most sectors. The large-cap S&P 500 Index fell 2% to 2,726.22, with ten of 11 primary sectors contributing to the declines. Technology shares were the hardest hit, falling 3.5% as a sector. A total of four sectors declined 2% or more.

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