Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets.

The technology-heavy Nasdaq Composite fell nearly 3 percent to its lowest since October 2014, weighed down by Microsoft (MSFT.O), Amazon (AMZN.O) and Facebook (FB.O), while the Dow Jones industrial average shed more than 350 points.

“Equities are in a ‘go-nowhere-fast’ mode, with a downward bias in the near term,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

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