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Stocks finished lower Monday. The Dow dropped 92 points to 26062, while the S&P 500 lost 16 points to 2888. The Nasdaq Composite was down 114 points to 7895.

The major averages declined amid rising geopolitical tensions. The Trump administration reportedly plans to announce a 10% tariff on up to $200 billion of Chinese goods as early as this afternoon. Meanwhile, officials in Beijing have vowed to respond to any escalations in the lingering trade dispute. On the data front, the lone economic release showed activity in the New York Fed region is cooling more-than-anticipated in September.

Seven of 11 S&P 500 sectors closed in positive territory with broad weakness in the Tech group weighing on the market. Apple declined 2.7% to $217.88, as the iPhone maker has warned tariffs could affect a “wide range” of its products. Consumer Discretionary shares also underperformed with Amazon falling 3.2% to $1,908.03 after the e-Commerce giant confirmed it is conducting an internal investigation into potential data leaks and employee bribes. In other corporate news, Express Scripts advanced 3.7% to $95.23 after the Department of Justice cleared the company’s acquisition by Cigna.

Breadth was negative on issues by 7:5 on the NYSE and 9:4 on the Nasdaq. Composite NYSE Volume was more than 3.9 billion shares.

Treasuries were little changed, with the yield on the 10-year note down one basis point to 2.99%. In commodities, WTI crude slipped 0.4% to $68.73/barrel. COMEX gold added 0.3% to $1200.10/ounce amid a weaker dollar.