The Nasdaq Composite Index early Monday was the worst performer among the three main U.S. benchmarks, with its drop putting the index on track to close at its lowest level in about two weeks. The Nasdaq was down 1.7% at 7,280. A close there would mark the technology and internet-related index’s lowest level since Oct. 30 when it finished at 7,161.65, according to FactSet data. A sharp decline in shares of Apple Inc. was weighing on the broader market, including the market-capitalization S&P 500 and the price-weighted Dow Jones Industrial Average .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
