Stocks Fall as Investors Weigh Debt Ceiling, Evergrande

A selloff in Facebook stock and shares of other big technology companies rippled through the market, pushing major U.S. indexes toward steep declines to start the week.

Stocks opened with mild declines before losses quickly accelerated. The S&P 500 dropped 1.5%. The broad index closed last week down 2.2%. The tech-heavy Nasdaq Composite Index declined around 2.4%. The Dow Jones Industrial Average lost around 380 points, or 1.1%.