Tech stocks under pressure again Monday after Friday's plunge

The Apple logo at a store in Sydney
(Image credit: PETER PARKS/AFP/Getty Images)

U.S. stock futures edged down ahead of the start of the week's trading on Monday, with technology shares losing the most as they appeared headed for a second straight day of declines after Friday's plunge. The tech-heavy Nasdaq-100 was down by 0.6 percent early Monday, while the S&P 500 lost 0.2 percent and the Dow Jones Industrial Average about 0.1 percent. "All eyes will be on the U.S. tech giants when the U.S. stock markets open," said Kathleen Brooks, research director at City Index, in a note. "A second session of hefty losses for the Nasdaq and U.S. tech sector could spook the markets this week, so if we don't get a recovery then we may see a broader decline in growth assets."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.