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Market Snapshot: Dow suffers nearly 300-point fall as tech sector slumps on Facebook-led selling

U.S. stock benchmarks traded lower early Monday, with technology shares facing the steepest selling pressure amid fresh concerns tied to Facebook Inc.’s management of user data.

Meanwhile, the Federal Reserve’s coming rate decision has created some uneasiness, as investors are expecting the central bank to adopt a more aggressive path to normalizing monetary policy and lifting borrowing costs.

Check out MarketWatch’s Need to Know column: Why the case for betting against Facebook is ‘building fast’

What are the main benchmarks doing?

Dow Jones Industrial Average futures DJIA, -0.68% fell by 220 points, or 0.9%, to 24,727, led by a downdraft in shares of components Caterpillar Inc.

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