NEW YORK, May 20 (Xinhua) -- U.S. stocks extended losses on Monday as the market was dragged down by a steep sell-off in tech-related shares.
The Dow Jones Industrial Average dropped 84.10 points, or 0.33 percent, to 25,679.90. The S&P 500 dipped 19.30 points, or 0.67 percent, to 2,840.23. The Nasdaq Composite Index was down 113.91 points, or 1.46 percent, to 7,702.38.
Chipmaker stocks fell broadly. Both Nvidia and Advanced Micro Devices closed about 3 percent lower. Qualcomm and Lam Research slid 5.99 percent and 5.4 percent, respectively.
Other U.S. tech giant stocks or the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, closed lower.
Eight of the 11 primary S&P 500 slipped, with technology down 1.75 percent, leading the laggards.
The U.S. financial market has been pressured these days as investors grew concerned about global trade tensions.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.19 percent to 16.31 on Monday.
