Wall Street, dragged down by tech stocks, racks up more heavy losses

Global markets convulsed Monday, with U.S. stocks dipping 1.5 percent or more as the uncertainty caused by slowing growth, roaring inflation, war in Ukraine and the pandemic continue to spook investors.

The Nasdaq continued to lead the losses as investors moved away from highflying tech stocks, shedding 3.8 percent in afternoon trading. April was the worst month for the index since 2008, with jitters sending investors running for cover.