The three major U.S. stock indices fell sharply, with IBM experiencing its largest single-day drop since 2000

According to Gate's market data, U.S. stocks closed lower on Monday, with the three major indices opening and closing down. The Dow Jones Industrial Average initially fell by 1.66%, the S&P 500 index dropped by 1.04%, and the Nasdaq fell by 1.13%. Precious metals and the non-ferrous sector led the gains, while application software and information technology services saw the largest declines.

IBM plummeted by 13%, marking its largest single-day drop since 2000, and the Nasdaq China Golden Dragon Index fell nearly 1%. Adobe and Oracle each dropped by about 4.6%, Salesforce fell by 3.7%, and Microsoft declined by 3.2%.