Nasdaq falls 3% as US stocks losses deepen

New York (AFP) – The Nasdaq fell three percent on Monday afternoon, weighed down by Apple, Facebook and other tech giants in a sell-off that also extended to industrials amid trade war worries.

Near 1830 GMT, the tech-rich Nasdaq Composite Index was down 3.0 percent at 7,033.38.

The Dow Jones Industrial Average dropped 1.9 percent to 24,938.48, while the broad-based S&P 500 shed 1.8 percent to 2,685.96.

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