A broad sell-off of technology stocks pushed all three major domestic equity indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than one percent for the first time in three years just days after hitting a record high.

The technology index fell 1.8 percent the result of a shift to other sectors combined with profit-taking ahead of the volatile midterm election season.

Shares of Facebook and Netflix fell 2.2 percent and 5.7 percent, respectively, pulling some of the other FAANG stocks lower. Specifically, Apple, Amazon, and Alphabet.

At the same time, technology fell across the board, pushing all three major equity indexes into negative territory.

The tech-heavy Nasdaq has also seen a sharp uptick in the number of stocks striking 52-week lows. On Monday, 102 Nasdaq-listed stocks fell to their lowest price in a year or more, 65 more than those hitting new highs.

With second-quarter reporting season now well past its mid-point, it is likely that S&P earnings to have increased by 22.6 percent, up from the 20.7 percent seen on July 1. Of the 270 companies that have posted results, 82.6 percent have beat consensus estimates.

Of the 11 major sectors of the S&P 500, seven closed in negative territory.

Shares of CBS extended their fall, dropping 5.1 percent. The media company’s board met on Monday to discuss personal misconduct allegations against Chief Executive Leslie Moonves and said it was selecting outside counsel to investigate.

Tyson Foods fell 7.6 percent after the company cut its full-year profit forecast, citing the potential impact of tariffs.

The warning also weighed on shares of Hormel Foods and Pilgrim’s Pride, which ended the session down 2.5 percent and 1.5 percent, respectively.

Caterpillar closed out the trading day down 2.0 percent, erasing earlier gains after it exceeded second-quarter expectations and raised its full-year profit outlook.

Energy stocks were among the gainers, up 0.8 percent as oil prices rose on potential supply disruptions.

AT&T chalked up a gain of 3.0 percent after Bank of America upgraded its rating on the wireless carrier to “buy.”

Approximately 6.46 billion shares changed hands on the major domestic equity exchanges, as compared to the 6.01 billion share average for the full session over the past 20 trading days.