U.S. stocks fell broadly on Monday, with major indexes poised for their biggest one-day drop in more than a month. The Dow Jones Industrial Average lost 1.8%, on track for its biggest one-day percentage drop since Feb. 8. The day’s losses were widespread; not only were all 11 of the primary S&P 500 sectors down on the day, but so were all 30 Dow components. Leading the decline, on a percentage basis, was Caterpillar Inc. , which fell 3.3%. Among other big decliners, Goldman Sachs Group Inc. lost 2.7% while Johnson & Johnson was off 2.2%. For the broad market, the day’s losses were driven by Facebook Inc. , which sank 7%, on track for its worst session in years. The stock came under heavy selling pressure over how it manages third-party access to its users’ information, after saying a firm with ties to the 2016 Trump campaign improperly kept member data for years despite saying it had destroyed those records. While Facebook isn’t a Dow component, the decline pressured technology stocks broadly; Cisco Systems fell 2.2% while Microsoft Corp. lost 2.7%. Apple Inc. fell 2.1%. Relatively speaking, the best performer on the day was Coca-Cola Co., which fell less than 0.1%. Separately, the S&P 500 fell 1.8% and the Nasdaq Composite Index was down 2.4%.
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