Markets Right Now: Facebook leads tech companies lower

Markets Right Now: Facebook leads tech companies lower
FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, March 19, 2018. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

A sharp loss for Facebook is helping to pull technology companies lower as stock indexes decline in early trading.

Facebook slumped 5 percent early Monday. The company is facing new criticism after saying a data mining firm affiliated with the Trump campaign improperly kept data on tens of millions of users.

Other tech companies also fell. Chipmaker Nvidia lost 1.6 percent.

Shopping mall owner GGP rose 1.2 percent after Reuters reported the company had received a revised takeover offer.

The S&P 500 fell 14 points, or 0.5 percent, to 2,737.

The Dow Jones industrial average lost 122 points, or 0.5 percent, to 24,819. The Nasdaq fell 71 points, or 1 percent, to 7,409.

Bond prices fell. The yield on the 10-year Treasury rose to 2.87 percent.