Photo: Drew Angerer/Getty
The Nasdaq closed down more than 3% on Monday, amid a broader market sell-off.
What's happening: It's a culmination of bad news for technology stocks. Apple dropped 4% following a report the company cut production orders for iPhones, while Facebook shares closed 5.7% lower after a Wall Street Journal story about company turmoil. Other big losers were Amazon (off 5%) and several chipmakers.
Coronavirus infections are falling or holding steady in most of the country, including the hard-hit hotspots of Arizona, California and Florida.
The big picture: A decline in new infections is always good news, but don't be fooled: the U.S. still has a very long way to go to recover from this summer's surge.
Illustration: Eniola Odetunde/Axios
Prime Minister Shinzo Abe (C) at the Memorial Cenotaph in the Peace Memorial Park during the 75th anniversary service for atomic bomb victims in Hiroshima, Japan, on Thursday. Photo: Philip Fong/AFP via Getty Images
Hiroshima Mayor Kazumi Matsui on Thursday urged the international community to work together to defeat the coronavirus pandemic and warned against an increase in "self-centered nationalism," per the Washington Post.
Why it matters: He said at a remembrance service on the atomic bombing of the Japanese city that the 1918 flu pandemic killed millions as countries fighting in World War I were unable to overcome the threat together, per DPR. "A subsequent upsurge in nationalism led to World War II," he added. The U.S. bombing of Hiroshima on Aug. 6, 1945 and Nagasaki three days later contributed to the end of World War II, but tens of thousands of people died.