03:58 PM EST, 11/17/2025 (MT Newswires) -- US equity indexes declined ahead of the close on Monday amid a broad-based sell-off.

The Nasdaq Composite fell 1.1% to 22,657.1, with the S&P 500 down 1% to 6,664.3 and the Dow Jones Industrial Average 1.2% lower at 46,600.9. Technology, energy, and financials were among the steepest decliners. Communication services and utilities were the only sectors to gain.

The CBOE Volatility Index (VIX), also known as a fear gauge for the S&P 500, jumped more than 15% to 22.89.

Among the five Magnificent-7 stocks that declined intraday, the worst performers were Nvidia (NVDA) and Apple ( AAPL ) , down by 2.3% and 2.2%, respectively.

Nvidia investors will likely be eyeing issues such as a tougher financing environment and capital expenditure concerns at some hyperscalers when the company releases Q3 results on Wednesday, BofA Securities said in a note emailed Monday. Investors will also focus on supply constraints and rising component costs, which may hit Nvidia's gross margin.

Apple ( AAPL ) lost a trial on Friday over whether it violated Masimo's ( MASI ) patents in some of its Apple Watch models and was ordered to pay $634 million in damages, news outlets reported.

Monday's top performer among Mag-7 was Alphabet (GOOG, GOOGL), up 3.1%, after Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) disclosed in a Friday regulatory filing a $4.3 billion stake in the owner of the Google ( GOOG ) search engine. The stock was also among the top gainers in the S&P 500 and the Nasdaq.

In economic news, the New York Federal Reserve's Empire State manufacturing index surged to 18.7 in November from 10.7 in October, in contrast with the decrease expected to 5.8 in a survey compiled by Bloomberg. The index is one of the first manufacturing sector gauges to be released for November, and shows a quickening in the pace of expansion.

Most Treasury yields fell, with the 10-year down 1.1 basis points to 4.14% and the two-year one basis point lower at 3.6%.