US stocks dropped Monday, with the Dow falling by more than 300 points as markets close out a record year. The S&P 500 fell by 1%, while the tech-heavy Nasdaq saw the biggest slide, down 1.1%, as traders sold off Big Tech investments such as Amazon (AMZN),

U.S. equity futures edged lower in early Monday trading as investor pared risk into the final two trading day of the year amid elevated Treasury bond yields and interest rate risks. Stocks ended sharply lower on Friday,

U.S. stocks looked set to fall in thin trading on Monday, as lingering concerns about elevated interest rates and the government’s mounting debt burden spoiled any chance of an end-of-year party for markets.