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New York (Reuters) - The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators.

While the sell-off in the internet heavyweights was the biggest drag on the Nasdaq, the index has been falling steadily since its May 3 record closing high as investors worried about slowing global growth amid an escalating U.S.-China trade war.

The S&P 500 had a volatile session and ended the day down 0.3 percent, but the Dow Jones Industrial Average ended the session virtually unchanged.

“The slump has been concurrent with fears of slowing global growth,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. He noted that weak manufacturing data around the world appeared to be confirming those fears.

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