Stocks dropped on the first trading day of this month and the quarter as a decrease in Amazon shares put pressure on the wider tech sector on Monday.

Even the Dow Jones industrial average traded 475 points reduced, with a decrease in Walmart offsetting profits in UnitedHealth. Even the S&P 500 pulled back 2.1 percentage and entered correction land, with tech falling more than 2 percent. Even the Nasdaq composite dropped nearly 2.3 percent — entering correction — as Amazon declined 4%.

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