(CNBC) -- Stocks fell as a steep decline in technology shares that started last week carried through to Monday.
The tech-heavy Nasdaq Composite dropped 1.4 percent to 7,630. Shares of Facebook and Netflix fell 2.2 percent and 5.7 percent, respectively. Amazon declined 2.1 percent while Google-parent Alphabet fell 1.8 percent. The Nasdaq also notched a three-day drop of 3.86 percent, its biggest since late March, when it lost 5.12 percent over three sessions.
The S&P 500 declined 0.6 percent to 2,802.60 as the tech sector dropped 1.8 percent. The Dow Jones Industrial Average fell 144.23 points to close at 25,306.83 as Visa and American Express lagged.
Advertisement - story continues below