(CNBC) — Stocks fell on Monday as the U.S. corporate earnings season kicked off. Concerns over an economic slowdown in China also dampened sentiment to start off the week.
The Dow Jones Industrial Average pulled back 86.11 points to close at 23,909.84 as Merck and Apple lagged. The S&P 500 fell 0.54 percent to 2,582.61, as the tech, health care and utilities sectors underperformed. The Nasdaq Composite dropped 0.9 percent to 6,905.92. Monday also marked the first time in 2019 that the major averages posted two straight losses.
Shares of Amazon, Apple, Netflix and Alphabet all closed down at least 1 percent. The S&P 500 tech sector also dropped 0.9 percent.