U.S. stocks declined sharply on Monday

U.S. stocks declined sharply on Monday as the political standstill occupied Wall Street.
The Dow and broader U.S. stock market crashed on Monday, as investors reacted to political infighting following the death of Justice Ruth Bader Ginsburg.
All of Wall Street’s major indices finished in negative territory, with the Dow Jones Industrial Average (DIA) plunging 510.18 points, or 1.8%, to 27,147.24.
The broad S&P 500 Index (SPY) of large-cap stocks declined 1.2% to close at 3,281.06. Ten 11 primary sectors plunged, with energy leading the pack. Industrials, materials and real estate stocks also fell sharply.
Rising tech stocks helped Nasdaq Composite Index (QQQ) pare losses Monday. The tech-heavy index fell 0.1% to 10,778.80.
An index of implied volatility known as the CBOE VIX (VXX) surged to nearly three-week highs on Monday. The so-called “investor fear index” peaked at 31.18 on a scale of 1-100 where 20 represents the historic average. VIX would eventually settle up 9.4% at 28.25.