Photo: Bryan R. Smith/AFP via Getty Images

The Dow Jones Industrial Average closed 602 points lower on Monday, according to Yahoo Finance. The S&P 500 fell over 2%, putting it negative for the year, and the Nasdaq Composite dropped 2.8%.

Between the lines: Volatility is back with a vengeance. There's no single reason stocks are selling off — despite President Trump's unfounded claim to the contrary — although one driver today was Apple shares dropping after one of its key suppliers reported a decrease in order volume.

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New York Times digital revenue surpasses print revenue for first time

The New York Times building. Photo: Eduardo MunozAlvarez/VIEWpress/Corbis via Getty Images

For the first time in its nearly 170-year history, the New York Times made more money from digital products than it did from its print newspaper during a three-month quarterly earnings period, the Times announced Wednesday.

Why it matters: It's a huge milestone for The Gray Lady, which six years ago published a digital "Innovation Report" that detailed the paper's shortcomings in adjusting its business to embrace the digital world.

Rep. Rashida Tlaib fends off Democratic primary challenge in Michigan

Rep. Rashida Tlaib. Photo: Chip Somodevilla/Getty Images

Michigan Rep. Rashida Tlaib won her Democratic primary against challenger Detroit City Council President Brenda Jones, according to AP.

Why it matters: Tlaib, a democratic socialist and member of "The Squad," found herself in a vulnerable position, facing off against Jones after narrowly beating her two years ago.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 18,570,858 — Total deaths: 701,316 — Total recoveries — 11,163,388Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,771,846 — Total deaths: 156,839 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Moderna skirts disclosures of coronavirus vaccine costs — There’s not much good news about kids and coronavirus.
  4. Business: Auto sales may have turned a corner.
  5. Sports: The return of high school sports hangs in the balance — UConn becomes first FBS team to cancel its football season.