Why Apple, Facebook, Amazon, and Other Tech Stocks Dropped Today

Mounting concerns of a potential financial crisis in China drove investors to reduce risk on Monday.

Here's how some of the largest and most popular tech stocks fared today:

China Evergrande Group is struggling to pay its bills. The mammoth Chinese property developer has warned that it could default on its debt, which, in total, is believed to exceed a staggering $300 billion. Investors, in turn, are scared that Evergrande's seemingly imminent collapse could drive China's real estate and banking industries into a crisis -- and stall its massive economy.

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Source Fool.com