The three major U.S. stock indexes closed sharply lower, with IBM experiencing its largest single-day drop since 2000.

ChainCatcher news, according to data from a certain exchange, at the close of the US stock market on Monday, the three major indexes opened lower and continued to decline. The Dow Jones Industrial Average preliminarily closed down 1.66%, the S&P 500 Index fell 1.04%, and the Nasdaq dropped 1.13%. Precious metals and non-ferrous sectors led the gains, while application software and information technology services saw the largest declines. IBM plunged 13%, marking its largest single-day drop since 2000. The Nasdaq Golden Dragon China Index fell nearly 1%. Adobe and Oracle both dropped about 4.6%, Salesforce fell 3.7%, and Microsoft declined 3.2%.