US stock selloff deepens, Dow -3.0%; Nasdaq -3.4%

New York (AFP) – Wall Street stocks plummeted Monday afternoon as technology shares fell hard, amid rising worries over the risk of a trade war.

Shortly after 1800 GMT, the tech-rich Nasdaq Composite Index had dropped 3.4 percent to 6,820.86.

The Dow Jones Industrial Average sank 3.0 percent to 23,385.08, while the broad-based S&P 500 shed 3.1 percent to 2,558.74.

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