A third straight bludgeoning for tech stocks drives Nasdaq to 3-week closing low. The Nasdaq Composite Index COMP, -1.39% shed 107.41 points, or 1.4%, to 7,630. The S&P 500 SPX, -0.58% gave up 16.22 points, 0.6%, to 2,802.60, with technology stocks by far the weakest industry, down 1.8%, among the broad-market benchmark’s 11 sectors. DJIA, -0.57% fell 144.23 points, or 0.6%, to 25,306.83.

Oil Rises On Tight Supply Outlook. U.S. West Texas Intermediate crude futures (WTI) rose $1.44, or 2%, to settle at $70.13 a barrel. WTI rose on expectations that U.S. inventories fell last week and worries that an outage at a Syncrude facility in Canada will not be solved as soon as expected, traders said.

US Secretary of State Pompeo warns against IMF bailout for Pakistan that aids China. In an interview with CNBC television, Mr Pompeo said the United States looked forward to engagement with the government of Pakistan's expected new prime minister, Imran Khan, but said there was "no rationale" for a bailout that pays off Chinese loans to Pakistan.

Trump says willing to meet with Iran leaders 'any time'. US President Donald Trump said Monday he is happy to meet with Iran's leaders "any time" and without preconditions, one week after tensions soared between Washington and Tehran.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research