Stock Market Off Sharply As Apple, Facebook, Other Leaders Deteriorate

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The U.S. stock market remained sharply lower at midday Monday as landmark U.S. stocks such as Apple (AAPL) and Alphabet (GOOGL) saw the deepest losses in many months. X Monday's stock market saw the S&P 500 slide 1.7% and gapped down in a larger break of the 50-day moving average. Indexes traded at session lows. The Dow Jones Industrial Average gapped down 1.6% and is trying to hold above the 34,000 level.  Cyclicals Caterpillar (CAT) and Dow Inc. (DOW) fell to February lows. Visa (V) dropped to an April low. Goldman Sachs (GS), JPMorgan Chase (JPM) and several other Dow components also gapped lower. The Nasdaq composite dropped 2.2% and also gapped below the 50-day line. Tech heavyweights Apple and Alphabet gapped down in heavy trading, with Alphabet falling to its 50-day moving average. Apple is now 4% below its 50-day average. Other stock market pillars also saw heavy declines as their charts weakened considerably. (AMZN) gapped 3% lower and is now b
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